ETH taps $2.1K as crypto, macro markets rebound: Is the bottom in?

Ethereum (ETH) has successfully reclaimed the $2,100 mark, leading a broader recovery in the cryptocurrency sector as global macro markets stabilize. This rebound comes after a period of significant downward pressure triggered by shifting economic indicators and cooling investor sentiment. As Bitcoin and major altcoins follow suit, market participants are debating whether this price action signals a definitive market bottom. Analysts suggest that the relief rally is supported by a temporary easing in the U.S. dollar index and improved performance in traditional tech stocks. However, caution remains high as traders monitor key resistance levels. While the surge to $2,100 provides a much-needed breath of fresh air for ETH holders, the sustainability of this trend depends heavily on upcoming macroeconomic data and institutional inflow consistency. For now, the crypto community remains divided on whether the worst of the volatility is behind us or if further tests of support are imminent.

Source: ETH taps $2.1K as crypto, macro markets rebound: Is the bottom in?