The post Ethereum rebounds: Can ETH clear $2.2K as U.S. demand grows? appeared on BitcoinEthereumNews.com.

Ethereum’s [ETH] decline through late January and February pushed price sharply toward the $1,924–$1,801 support zone, where selling pressure finally slowed. As price briefly spiked near $1,801, buyers stepped in aggressively, defending the yellow support level and preventing a deeper breakdown. Soon after, the price stabilized near $1,924, a historically validated level that has repeatedly attracted demand. Meanwhile, the RSI recovered to 51.48, at press time, signaling that bearish momentum has faded while buyers gradually regain control. Source: TradingView However, Ethereum still trades below major trend indicators. The 20-day EMA neared $2,042, and the 50-day EMA, around $2,289 continue acting as dynamic resistance, showing that sellers remain active during rebounds. As the recovery unfolds, traders are now watching the $2,111–$2,150 resistance cluster, where the recent bounce approaches the upper boundary of a developing bearish pennant structure. If buyers reclaim this zone, momentum could extend toward $2,250–$2,300. Meanwhile, failure here may send the price back toward $1,900 to retest the defended accumulation floor. U.S. buying pressure supports Ethereum’s recovery After Ethereum’s rebound from the $1,850–$1,900 demand zone, spot and exchange-flow signals indicate who supported the move. First, the Coinbase Premium Index has shifted back into positive territory near +0.01, showing ETH has traded slightly higher on U.S. venues. As this premium holds, it suggests steady spot bidding rather than a one-off retail spike. Source: CryptoQuant Meanwhile, Binance activity has also accelerated, which fits the rebound’s volatility regime. The 30-day ETH turnover jumped to roughly 29.6 million ETH, the highest since September. At the same time, Binance reserves sat near 3.5 million ETH as of writing, meaning the market recycled the available supply multiple times. This lifted the Liquidity Ratio to about 8.47, reflecting intense repositioning and higher speculative churn. Source: CryptoQuant Taken together, fast turnover can reflect short-term trading or derivatives…

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Filed under: News - @ March 6, 2026 6:28 am