Ethereum (ETH) Bounces Back After Weekly Decline, Resistance Near $150,000 TL

The Ethereum (ETH) price currently stands at $3,677.36, showing a 2.32% increase, and about 149,714.00 Turkish Lira with a 2.35% rise. Despite the recent weekly decline of 2.31%, ETH remains within its recent high of 150,400.00 TL and low of 145,200.00 TL, with a trading volume of approximately 5.71 million TL.

This price movement indicates a short-term recovery after a weekly dip, with ETH maintaining strong support levels around 145,200 TL and testing resistance near 150,400 TL. The trading volume suggests active market participation, which could lead to further volatility but also signal liquidity strength. The recent fluctuations are typical in the volatile crypto market, especially for Ethereum, which continues to be a dominant Ethereum smart contract platform and DeFi hub.

Investors should watch for sustained trading volume and price stability above key support levels to confirm a potential upward trend. Conversely, if ETH drops below recent lows, a deeper correction could ensue. Overall, Ethereum shows resilience but remains subject to broader crypto market dynamics and technical levels.