As of October 14, 2024, Ethereum's price stands at $2,541, with a market cap of $305 billion. Recent trades have seen ETH ranging between $2,436 and $2,555, with a trading volume of $14.31 billion.
However, technical indicators are signaling a persistent bearish momentum, with crucial support levels being tested. For Ethereum to reverse this trend, a notable bullish breakout is required. This conclusion stems from price movements and the current market scenario within the last 24 hours.
The necessity of a bullish signal to shift market sentiment is paramount to Ethereum's potential recovery in the short term.
