Ethereum Price Retreats from $2.55K High, Key Support Levels in Focus

Ethereum's price surge has come to an abrupt halt as it retreats from its recent high of around $2.55K. The rapid rally that pushed ETH above a descending trendline and cleared key resistance areas has left the token at a critical juncture.

The $2.07K-$2.15K region is now being closely watched as a key support area, with Fibonacci retracement levels reinforcing this range. Liquidation liquidity above $2.2K could draw price lower before another attempt at the recent highs.

According to Shayan Markets, a sustained recovery above $2.44K-$2.51K would strengthen the bullish setup and put the recent high under pressure. However, continued rejection could keep the correction active.