ETH Defends $2.4K Support Despite Weakening US Buying Pressure: Ethereum Price Analysis

Ethereum is attempting to recover after a sharp sweep below the $2.4K support region, now trading around $2.45K. The rebound has brought the price back to the upper boundary of a key demand zone, but the market still needs to show that buyers can hold this area before the broader recovery can be considered back on track. Meanwhile, the Coinbase Premium Index has dropped to its deepest negative reading in months, suggesting that US-based demand remains weak despite the latest bounce. Ethereum Price Analysis: The Daily Chart On the daily timeframe, Ethereum continues to trade within the ascending channel that has guided its recovery from the June lows near $1.5K.

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