Ethereum Shows Signs of Recovery Near $2,488 Amid Potential Momentum Shift Toward $2,700

Key Points

1. Ethereum rebounded from a key support level near $1,550 and is currently trading close to $2,488.

2. The green support zone between $850 and $2,750 has historically acted as a foundation for major market lows, with resistance expected near $3,500 to $4,800.

3. The weekly MACD shows a bullish crossover, indicating potential upward momentum if ETH surpasses $2,500.

4. A decisive break above $2,700 could confirm a continuation of the upward trend, supported by strong technical foundations.

5. Investors should monitor key resistance levels, as a move past $2,500 may signal sustained momentum.