Ethereum (ETH) has reclaimed the $2,200 level following a full leverage reset near $1,800. The market has seen buyers re-enter, establishing higher lows and signaling the start of a new bullish phase. Deleveraging has cleared excess risk from the market, allowing the price to recover steadily without triggering a collapse, as strong demand absorbed the selling pressure.
Currently, resistance in the $2,200–$2,300 range is being tested. A confirmed breakout above this level could position Ethereum to reach $2,400 in the near term. Key support levels remain at $2,100, with the broader market structure remaining intact above $1,800.
Key Points:
- Current Price Action: Reclaimed $2,200 after leverage reset.
- Support Levels: Immediate support at $2,100; major structure intact above $1,800.
- Resistance Levels: Testing $2,200–$2,300 range.
- Target: $2,400 on confirmed bullish breakout.
The bullish momentum is evident, and reaching $2,400 is a logical progression if the current trend continues.
Top comments (0)