The price of Ethereum has surpassed $2,300 with a 6% increase in the past 24 hours, following Bitcoin's rise above $92,000. Altcoins are also gaining momentum as the crypto market sentiment improves. The total crypto market cap, excluding Bitcoin, has reached $1.14 trillion, indicating a near 2% recovery. Ethereum is currently showing a bullish comeback after hitting a 7-day low, and it is teasing a retest of the $2,500 level. The daily chart shows a morning star pattern and the MACD and signal lines suggest a potential bullish crossover. Institutional support for Ethereum remains volatile, with recent outflows in Ethereum ETFs. However, World Liberty Financial has acquired $10 million worth of Ethereum, adding to their existing holdings. The firm holds a variety of crypto assets, including DeFi tokens and meme coins. Analysts suggest that Ethereum may fill the CME gaps at $2.6k and $3k, leading to a potential short squeeze and a new bullish recovery. Fibonacci levels indicate that the immediate resistance for Ethereum is at the $2,500 mark, with the possibility of testing $2,750. Crucial support levels are at $2,150 and $2,000.



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