<ul><li>Ethereum's price surged by more than 35% in the past two weeks but struggled to hold above $2,500 after nearing $2,700.</li><li>Prominent analyst Ali Martinez identified a key support level for Ethereum around the $2,354 - $2,430 zone, where 2.64 million addresses purchased 63.9 million tokens.</li><li>Investors with cost bases in this support zone are expected to defend their positions by buying more tokens if the price falls towards $2,400, providing an on-chain cushion for ETH price.</li><li>As of now, Ethereum's price is around $2,480 with a slight 0.7% increase in the past 24 hours but down by nearly 4% on the weekly timeframe.</li></ul>

Ethereum Price Struggles To Hold Above $2,500 — Watch Out For This Support Level

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