Ethereum Stabilizes Near $2,576 After 3.5% Slide, Targets Breakout Zone

Following a 3.5% drop to $2,576, Ethereum is currently holding near its critical support level of $2,571.87 as traders anticipate further range confirmation before taking fresh positions. While the market remains cautious, there’s potential for a breakout towards the $2,670 resistance zone. The current market sentiment reflects a wait-and-see approach, with many holding back until price action clarifies its direction.