Ethereum Price Remains Stuck Between $2,400 and $2,530

Ethereum's price recovery from its drop to $2,400 remains uncertain as it continues to face resistance around $2,500. According to daily Bollinger Bands, immediate support lies at $2,399 and resistance at $2,530.

The 4-hour Supertrend indicates a bullish trend with dynamic support at $2,423. However, liquidation clusters near $2,490 and $2,530 may influence the next short-term move.

U.S. inflation and interest-rate expectations remain crucial for Ethereum as tighter monetary policy can reduce demand for volatile assets. Continued withdrawals from U.S. spot Ethereum exchange-traded funds would leave Ethereum more dependent on spot buyers.