Ethereum could be preparing to bounce from a demand zone at $2,500, as fresh activity in ETH derivatives markets catches traders’ attention.
Ethereum (ETH) price is down 7.5% for the week after failing to replicate Bitcoin (BTC) and other major altcoins’ market recovery.
However, one analyst believes that ETH’s longer-term market structure is bullish due to the price entering a key demand zone.
Mando CT, a Web3 specialist and independent trader, shared his thoughts with his 600K followers on X, implying the importance of “patience” with Ethereum.
