Ethereum is attempting to recover after a sharp rejection

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Ethereum is attempting to recover after a sharp rejectionEthereum / TetherUSBINANCE:ETHUSDTMike-BTDEthereum is attempting to recover after a sharp rejection from the $2,700 region, with buyers defending the critical $2,380 support zone. ETH is now testing resistance near $2,500. A confirmed breakout could open the door for a retest of $2,700, followed by the major resistance at $2,883. The volume profile shows significant liquidity around $2,300 to $2,450, making this an important area for buyers to defend. Losing $2,380 could trigger another move toward the $2,015 support level. Synergy Signal: The oscillator is bouncing from oversold territory, suggesting bullish momentum may be returning. However, broader momentum remains weak, and confirmation is still needed. Outlook: Cautiously bullish while $2,380 holds. Reclaiming $2,500 strengthens the recovery scenario, while losing support shifts the advantage back to sellers.