Ethereum Price Forecast: ETH's rise above $2,300 not yet backed by robust demand

Ethereum (ETH) quickly reclaimed $2,300 again on Thursday after a slight dip below the level in the early American session. Ethereum price today: $2,350Ethereum holders across whale and retail cohorts are showing signs of distribution after prices approached their average cost basis.Capital inflows into ETH derivatives have also eased after the price jump above $2,300.Bulls are struggling to… Ethereum (ETH) quickly reclaimed $2,300 again on Thursday after a slight dip below the level in the early American session. Ethereum price today: $2,350Ethereum holders across whale and retail cohorts are showing signs of distribution after prices approached their average cost basis.Capital inflows into ETH derivatives have also eased after the price jump above $2,300.Bulls are struggling to break above the convergence of the 100-day EMA and $2,388 resistance.Ethereum (ETH) quickly reclaimed $2,300 again on Thursday after a slight dip below the level in the early American session.The top altcoin… For traders, this matters because crypto headlines can change short-term momentum, liquidity conditions and broader risk appetite within minutes. Watch follow-through in majors, exchange volume and risk sentiment in US indices to judge whether the move has real participation behind it.