Ethereum Holds Key Support Level

🔷Following a sharp rally and subsequent pullback, Ethereum’s price has stabilized near $2,543, attempting to stay above the crucial $2,500 support zone. Despite short-term weakness, the technical outlook remains moderately positive: ETH maintains a bullish structure, and the bulls have not yet ceded control. Downward pressure is being cushioned by the 50- and 100-day EMAs, while narrowing Bollinger Bands suggest a decisive move is approaching.

🔷Attempts to break resistance around $2,575 have so far been unsuccessful, keeping Ethereum in a zone of uncertainty. If the $2,500 level holds, the market could see a recovery toward $2,600 and beyond. If not, a correction toward $2,426 becomes more likely. The next 24 hours may determine whether Ethereum regains momentum or extends its pullback.