Ethereum price at $2,500 crossroads as Supertrend turns bearish

Ethereum price has recovered to around $2,493 after a sharp fall toward $2,400, but its daily Supertrend has turned bearish, and the 4-hour chart still shows negative money flow. Ethereum price trades near $2,493 after recovering from its sharp decline toward $2,400. Daily Supertrend resistance stands at $2,764, above Ethereum’s current price. The 4-hour Bollinger midpoint at $2,569 marks the next recovery hurdle. U.S. spot Ethereum ETFs recorded $486.1 million in outflows across four trading sessions. Ethereum price struggles to recover $2,500 TradingView’s Binance ETH/USDT daily chart showed Ethereum at $2,492.98 on Oct. 9, up 0.73% for the session.

Source: crypto.news