Analysts said Ethereum must reclaim $2,350 resistance for a trend reversal
Ethereum is once again in the spotlight following fresh technical evaluations of its price action. Analysts suggest that if the cryptocurrency’s long-term support structures hold, the foundation could be set for Ethereum’s next major price move. The crypto analyst known as Liquidity Hunter argues that the prevailing pessimism in Ethereum’s market might present a contrarian opportunity for certain investors. According to Liquidity Hunter, the current market structure shares similarities to previous cycle lows, with ETH now retesting a longstanding area of key support.