Ethereum rebounds above a major weekly support as volatility rises, with traders watching higher resistance levels for direction. Notably, Ethereum is trading at $3,164.58, showing renewed strength after a volatile start to the week.
Ethereum hovers at the middle Bollinger Band as support holds, and fresh liquidations hint at a fragile rebound. Ethereum spent the past 24 hours testing market nerves around the $2,800 mark.
Ethereum has continued to rebound from a 4-month low as technical indicators hint at a potential bullish trend continuation. Ethereum (ETH) is closing the week with a strong rebound, firmly back above the $3,000 mark, although it has already lost by about 1% in the last 24 hours.
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