Can Ethereum price recover to $2,600?

Ethereum price has struggled to sustain a recovery above $2,500 on October 14 as persistent ETF withdrawals, weak market sentiment, and technical resistance continue to limit buying interest. Ethereum price continues to struggle near $2,500 as persistent spot ETF withdrawals and weak market sentiment limit recovery attempts. U.S. spot Ethereum ETFs recorded $542.2 million in net outflows during the week ending October 9, adding to selling pressure. Daily Bollinger Bands and Aroon readings favor sellers, with ETH trading below the middle Bollinger Band at $2,617.99.

Source: crypto.news