Ethereum has experienced a surge in buying pressure near the $2.4K support level, resulting in a bullish market sentiment and the reclaiming of key resistance levels. The price has surpassed the $2.8K resistance and is approaching the $3.1K level, which may face selling pressure. A short-term rejection and correction towards the $2.7K-$2.6K support range could be beneficial for a healthier uptrend. The fund market premium metric for Ethereum-backed assets has seen a significant increase, indicating renewed market optimism and potential price growth.



Other News from Today