Ethereum (ETH) has seen a recovery in its price, rising nearly 6% in the last 24 hours and surpassing $2,200 after briefly dropping below $2,000. This increase in price comes as investors anticipate potential market-moving developments from the upcoming White House Crypto Summit. Key indicators such as the Relative Strength Index (RSI) and Directional Movement Index (DMI) suggest that Ethereum is at a pivotal point, with bearish momentum weakening but not entirely gone. The RSI currently indicates a more balanced market, while the DMI shows signs of potential stabilization or a trend reversal. If bullish pressure continues to build, ETH could break above key resistance levels and aim for $3,000 in the coming weeks. However, if bearish momentum returns, Ethereum could face further downside and drop below $2,000 again. The strength of the recovery will also depend on upcoming events like the White House Crypto Summit.



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