Ethereum Bulls Defend Support – Key Indicator Hints At Short-Term Rally
Ethereum is trading near a critical support level around $2,550 amid a market retracement. Despite recent bullish momentum, risks are increasing, and a drop below this demand zone could lead to intensified bearish pressure across altcoins. Analysts note that if ETH holds above $2,550, a TD Sequential buy signal on the 4-hour chart suggests a potential rebound toward $2,650. Ethereum is showing resilience above $2,400, consolidating within a key demand zone, which may indicate preparation for an impulsive breakout. Global tensions and rising US Treasury yields contribute to market uncertainty, yet cryptocurrencies like Ethereum remain relatively stable. Maintaining support and overcoming resistance could foster renewed optimism in the crypto sector.
