Ethereum is trading at $2,246.33, up 1.14% over the past 24 hours, but it remains below its short- and medium-term moving averages. Binance spot and futures data show a market that is recovering fr...

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Ethereum is trading at $2,246.33, with a 24-hour range of $2,210.00 to $2,254.26 and Binance spot volume of $416.3 million. The move higher on the day is real, but the price is still sitting below the 7-day SMA at $2,278.71, the 12-day EMA at $2,292.74, the 20-day SMA at $2,326.82 and the 26-day EMA at $2,351.50. That leaves ETH under the cluster of short-term trend levels that usually need to be reclaimed before buyers can claim control.

The broader structure is still mixed rather than clearly bullish. The 200-day SMA at $2,157.27 is below spot, which shows ETH has not broken down into a deeper trend shift, but the 50-day SMA at $2,493.37 is still overhead and acts as the next major barrier. In other words, the market is between two regimes: above longer-term support, but not yet back above the short-term averages that would confirm sustained recovery.

The indicators lean toward a market that is stabilizing without fully repairing the damage. 25, which sits in neutral territory but closer to the weak side of the range. 0000, so momentum is still subdued rather than decisively turning higher.

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