Following a steep fall and surge in trading, Ethereum recovers above $2,600

Ethereum’s price saw notable turbulence during the trading session, plunging from an opening level of $2,724.74 down to a low of $2,569.77 before bouncing back to settle near $2,621.66. The heavy trading volume throughout the session underscored the market’s heightened volatility and active investor involvement.

The nearly 6% dip was driven by intensified selling amid broader market jitters. Still, positive sentiment around institutional demand and ongoing upgrades to the Ethereum network helped the token recover some losses, fueling hopes for a rise toward the $3,000 mark.

Technical Highlights

• ETH began the day at $2,724.74 and quickly dropped.
• The token hit a session low of $2,569.77, declining about 6%.
• Recovery efforts pushed the price back up to close near $2,621.66.
• Support was established around the $2,570 level.
• Elevated trading volumes during the sell-off highlighted significant market activity.
• The session’s high reached $2,642.84 before closing.

Despite the volatility, the bounce-back and strong volume signal that buyers remain interested, suggesting potential upside for Ethereum in the coming days.