Ethereum Price Shows Signs of Recovery Amid Shift in Market Structure

Ethereum's price has been experiencing a strong rebound in recent days, with the cryptocurrency maintaining its hold on a crucial support zone.

The daily chart shows that Ethereum has reacted multiple times from this green support area, indicating that buyers are still active in the market.

According to technical analysis, if Ethereum continues to respect this support zone and breaks above the nearby resistance zone around $2400, it could trigger a powerful bullish continuation towards $3200+