Ethereum Price Recovery Hinges on Breaking Through $2,000

Ethereum's price is showing signs of recovery after holding an important demand zone. The cryptocurrency has generated two monthly TD Sequential Buy signals, Black 9 and S13, which indicates that the bearish trend may have slowed down.

According to analyst Ali Charts, these buy signals occurred due to the weakness in Ethereum's price. Historical data shows that similar signals have led to significant price movements, including a 75% drop and a 236% rally.

The current market structure provides support for the bullish case, as Ethereum has repeatedly defended its $1,800-$1,850 demand zone during previous declines. The recent surge in spot Ethereum ETFs with net inflows of $244.94 million also suggests renewed interest in the cryptocurrency.