Ethereum Retreats to Key Support Zone as Price Action Turns Sideways

Ethereum has retreated to around $2,400 after a notable surge from approximately $1,900 to $2,550. The digital asset has been trading sideways near its highs in recent times.

The key support area for Ethereum is currently situated at the $2,400-$2,420 zone. If this region holds, ETH could potentially move toward $2,480-$2,500, followed by a test of $2,535-$2,555. A breakout above those highs might open up the possibility of reaching $2,600-$2,650 and beyond.