Ethereum Price Rises After Holding Firm at $2,400

Ethereum's price rose in its latest intraday trading after holding firm at the pivotal $2,400 support level.

This momentum was reinforced by positive signals from the relative strength indicators, allowing the price to recover part of its previous losses.

However, a short-term bearish corrective wave remains in control, with continued negative pressure stemming from trading below EMA50, which acts as dynamic resistance and limits the chances of a full recovery in the near term.