Ethereum price meets resistance: Can $2,575 unlock a rally?

Ethereum price has recovered toward $2,530 after last week’s slide, but resistance around $2,560–$2,575 stands between its rebound and a possible return to $2,700. Ethereum price traded near $2,530, below its daily 20-day and 50-day moving averages. US spot Ethereum ETFs recorded $542.2 million in net outflows during Oct. 5–9. Analysts Ted Pillows and Michaël van de Poppe identified $2,560–$2,575 as an important recovery zone. CoinGlass showed large overhead liquidation concentrations near $2,585, $2,635–$2,640, and $2,740. TradingView’s Binance ETH/USDT daily chart placed Ethereum at $2,529.47 on Oct. 12, following a sharp retreat from the $2,700 region earlier in the month.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to crypto.news.