Ethereum Holds Key Support at $2,400 Amid Bullish Momentum

Ethereum's price continues to trade around the $2,400-$2,430 region, which has become an essential support area.

Buyers have repeatedly defended this zone, preventing a deeper breakdown and keeping the recovery structure intact.

A decisive loss of $2,400 would weaken the current structure and shift attention towards the deeper $2,355 area.

Ethereum's price is trading at around $2,446, up 2.02% in the last 24 hours.

MikybullCrypto's higher-timeframe chart shows Ethereum consolidating above its former resistance zone after a sharp breakout from below $2,000.

The current range is broadly supported around $2,350-$2,400, while resistance remains concentrated around $2,530-$2,550.