Ethereum Eyes $2,400 After Deleveraging Clears the Way
Block_Savvy1 min read·Just now--
Ethereum has reclaimed the $2,200 level following a full leverage reset near $1,800. The recent deleveraging phase absorbed excessive selling pressure, allowing buyers to step in and build higher lows. This reset cleared the market, creating a foundation for a more stable upward move — not a chaotic spike, but a measured recovery supported by real demand.
Currently, Ethereum is testing resistance in the $2,200–$2,300 zone. A confirmed breakout here would open the path toward $2,400, a level that now looks like a natural next step rather than a speculative target. Immediate support sits at $2,100, while the broader bullish structure remains intact as long as price holds above $1,800.
This phase underscores the importance of market structure: bullish momentum is genuine, driven by orderly accumulation after forced deleveraging. In context, Ethereum’s ability to absorb selling without collapsing contrasts sharply with previous highly leveraged corrections, suggesting that $2,400 is technically plausible if demand persists and broader crypto conditions remain favorable.
