Ethereum is stabilizing around $2.5K after another test of demand near $2.4K, with buyers defending recent lows. On the daily chart, ETH remains within its ascending channel, but the recovery faces key resistance around $2.56K-$2.58K. Losing $2.48K would expose the $2.46K demand zone and the rising trendline near $2.41K. A decisive breakdown below these levels would significantly increase the risk of a deeper correction toward $2.3K and $2.2K. The liquidation heatmap shows substantial concentrations above $2.58K-$2.6K, and a sustained break above could trigger short liquidations and accelerate the recovery.
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