ETHUSDT: Returns to 2,200 — Another Recovery Taking Shape?

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ETHUSDT: Returns to 2,200 — Another Recovery Taking Shape?EthereumCRYPTO:ETHUSDDomicChainaETH is testing a familiar support area after a sharp rejection from the 2,420–2,440 resistance zone, where the previous rally lost momentum. On the 1H chart, price has returned to 2,180–2,230, a zone that previously attracted buyers. The recent selling pressure has been significant, but the market is beginning to stabilize near this support. If buyers defend the area, a rebound toward 2,280, followed by 2,320, becomes possible. The macro backdrop offers some potential relief. US 10-year Treasury yields have eased toward 4.84%, while expectations of another Fed rate hike in December have softened. A moderately softer employment report could further ease rate pressure and support ETH's recovery over the coming sessions. The bullish setup weakens if ETH breaks below 2,180 and fails to reclaim support. Preferred scenario: hold 2,180–2,230 → reclaim 2,280 → 2,320.