Ethereum Price Watch: Support Range Under Scrutiny After Recent Rally

The Ethereum price has been on a recent rally, reaching the $2,546-$2,550 area. Market coverage is now monitoring the $2,400-$2,450 support range, which is near enough to the recent move to show whether buyers remain engaged if momentum slows.

This support range is not a contractual line, but rather an area of interest that may attract buyers or be tested repeatedly. The market context for this recovery includes U.S. spot Ether ETFs adding approximately $697.47 million over five sessions ending August 21 and short covering also helping the advance.

Apeing, another project, is separately making headlines with its whitelist plan. Over 12,000 people have joined its whitelist, which requires only an email address for registration, no wallet connection or payment at the stage.