Ethereum Recovers to $2,621 After Falling Below $2,570
Ethereum Price Movement
Ethereum's price dropped from $2724.737 to $2569.766, then recovered to $2621.656. Market volatility increased with significant trading volume and bearish activity.
A rise towards $3000 is supported by institutional interest and network improvements.
Technical Analysis Highlights
- Price opened at $2724.737 before declining sharply.
- ETH/USD reached a low of $2569.766, a 6% decrease.
- Price recovery observed, closing near $2621.656.
- Short-term support around the $2570 level.
- Decline marked by heightened trading volumes.
- Volatile movement noted with a high of $2642.839 before session close.