ETH Price Holds Above Daily Diagonal Support Amid Ongoing Volatility

Ethereum's price is currently trading near $2,715, having reached as high as $2,807. However, it has pulled back toward a reclaimed daily diagonal support level around $2,660-$2,680. This diagonal acts as a moving floor for Ethereum's price, rather than fixed support.

The daily setup follows the larger move when ETH broke its year-long weekly trendline, establishing a broader recovery case. Now, the current chart asks whether buyers will defend the level they have just reclaimed.

Today's candle is still open, so a wick below the diagonal would not settle the question. A daily close beneath it would carry more weight, showing that sellers regained control of the line by the end of the session.