Ethereum (ETH) tries to recover, but heavy selling continues: Details Ethereum briefly dipped below $2,300, but has since recovered to around $2,350, with analysts seeing potential upside if it returns to the $2,400 level. Selling pressure from wallets linked to the Ethereum Foundation and other investors continues to pose challenges to ETH's recovery, with significant amounts being unloaded recently. Despite the selloff, some analysts remain bullish on ETH's prospects, suggesting the market may be at a tipping point for a bullish breakout.