Ethereum Price Shows Resilience Despite Selling Pressure – Traders Brace for Potential Breakout

Ethereum price has displayed a resilient performance amid global market uncertainty. It experienced early selling pressure, which pushed it down towards the $2,477 support zone before a swift and forceful response fueled a rebound. This rally was spurred by heavy accumulation within the $2,467 to $2,480 range, indicating strong demand at key price levels. Buyers dominated during the 08:00-09:00 trading session, regaining the $2,515 handle, suggesting a potential for a higher low formation. However, this recovery stalled against resistance at the $2,520-$2,530 area.