Ethereum has regained the $2,400 level after a volatile week influenced by geopolitical tensions in the Middle East.
Analysts suggest that Ethereum's price action hints at a potential recovery rally if it maintains momentum above the key $2,444 resistance level.
ETH's current price at a critical juncture, around $2,444, signifies sentiment for traders, with opinions split on a possible bullish continuation or a deeper pullback.
Ethereum is facing long-term resistance around the $2,450–$2,660 zone formed by key moving averages, requiring a decisive breakout for a potential move toward $3,000.