$ETH continues to show higher lows after bouncing from the $2,220 region. This pattern signals early strength in the recovery rather than a confirmed uptrend. Recently, the price has reclaimed short-term moving averages, which reinforces a mild bullish bias. However, selling remains active in the $2,400 to $2,460 range. Repeated rejections in this range highlight a distribution zone where traders are taking profits. Additionally, pressure in the upper Bollinger Band range indicates temporary exhaustion.