Ethereum (ETH) Attempts a Recovery, but Heavy Selling Persists: Details

At the start of the business week, the second-largest cryptocurrency briefly fell below $2,300, but buyers stepped in over the past 24 hours, and the asset is now trading around $2,350. While many analysts remain bullish on ETH’s prospects, persistent selling from wallets linked to the Ethereum Foundation could hinder the asset’s progress and weigh on investor sentiment. The Upside Targets X user Ella noted that the cryptocurrency finally moved out of the $2,300-$2,320 range and claimed the four-hour chart has started printing higher lows, calling it “a good first step.” The analyst said the key level now is $2,400, and reclaiming it could lead to a pump toward $2,440.

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