Ethereum Price Poised for Steady Recovery: Can It Build Momentum?

Ethereum (ETH) is attempting a recovery wave above $2,380 but faces resistance at $2,440. A bearish trend line at $2,400 also poses a hurdle. ETH must break above $2,440 to continue its rally. If resistance holds, ETH could decline towards $2,365 or even $2,310. Technical indicators suggest a loss of momentum in the bearish zone but RSI is above 50. Key support levels are at $2,350 and $2,250, while resistance lies at $2,440, $2,500, and $2,550.