<ul><li>Ethereum experienced a 10% pullback amidst overall crypto market volatility, but bulls are holding firm above $2,400, signaling strong demand at current levels.</li><li>Top analyst M-Log1 highlighted that Ethereum is near the 200-period moving average on the 4-hour chart, which could trigger bullish momentum if reclaimed, potentially pushing ETH towards $2,600.</li><li>Investors are closely monitoring Ethereum's consolidation phase and recovery attempts as the market awaits confirmation of direction amidst rising tensions between Elon Musk and Donald Trump.</li><li>Ethereum is now trading around $2,475 on the weekly chart, facing resistance at the 200-week SMA at $2,450. A strong weekly close above $2,700 could signal a broader altseason, while failure to reclaim key levels may lead to a pullback towards $2,300-$2,250.</li></ul>

Ethereum Stabilizes After Market Drop – Key MA Reclaim Could Trigger A June Rally

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