Exploring the possibility of Ethereum rallying from a crucial support level, analyzing key technical indicators and market sentiment surrounding ETH, and providing insight for investors tracking Ethereum's price movements.

When looking at Ethereum's daily technical chart, it is currently holding steady at the $2870 support level after a decline towards critical weekly support. This has led analysts to view $2870 as an initial accumulation zone for long-term investors.

If Ethereum drops to the $2620 support level, it is recommended for investors to consider additional accumulation around $2870, with gradual purchases at $2620.

For investors with a long-term perspective, keeping weekly candle closures above $2100 can provide confidence in their existing ETH holdings.

Ethereum's price action around crucial support levels offers strategic opportunities for investors. By keeping a close eye on key levels and market dynamics, investors can position themselves well to take advantage of potential rallies and minimize downsides risks.