The post Ethereum Price Faces $2,460 Hurdle, Bulls Aim For Breakout appeared on BitcoinEthereumNews.com.

Ethereum (ETH) price is facing a make or break point as traders keep an eye on a decisive resistance and support level. The crypto still holds above $2,100. To be able to push bullish momentum, its vitally important it surges past $2,460. Ethereum Price Holds Key Support at $2,100 Amid Market Volatility Despite price fluctuations, Ethereum has defended the $2,000 to $2,100 range. This level has been tested many times and has shown strong buying interest. If ETH manages to maintain its status above this zone, then market analysts have indicated that this will be a bullish condition for a potential rebound. Crypto trader, ‘@DaanCrypto,’ noted on X (formerly Twitter) that ETH formed a higher low on lower timeframes, early reliefs of recovery. The analyst says breaking $2,300 is an important milestone to recover recent losses. In the ETH daily trading chart, we can see that ETH is having a hard time to pull off an upward momentum. However buyers were protecting this critical support level. Source: X $2,460 Resistance Holds 10.95 Million Investors Ethereum has the next challenge at $2,460 resistance where 10.95 million investors have 64.52 million ETH according to on-chain data. Breaking this level could spring a stronger uptick movement as the traders are looking for confirmation of a bullish trend. Source: X Crypto analyst Ali shared that Ethereum needs to remain above $2,200 to maintain a positive outlook. The TD Sequential indicator on the weekly chart has flashed a buy signal, suggesting the possibility of a rebound. Analysts believe that if Ethereum surpasses $2,460, it could pave the way for a larger price rally. Ethereum Price and Market Data At press time, Ethereum was priced at $2,175, experiencing a 2% rise in the last 24 hours. It has a market cap of $265.39 billion and a…

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Filed under: News - @ March 9, 2025 9:16 am