Ethereum Maintains Optimism Despite Market Volatility; Fear and Greed Index at 56

Despite the fallout from the Binance news, which along with other major cryptocurrencies caused a temporary price dip, Ethereum's market sentiment remains optimistic. The Ethereum Fear and Greed Index indicates the 'greed' area with a value of 56. Since the beginning of the year, Ethereum has risen by 66% and has shown a strong performance despite the recent market volatility. This strong increase, alongside its current positioning near the support level, keeps investors and traders vigilant for potential shifts in its trajectory. Bitcoin is at an uncertain period waiting for more direction. The bullish trend appears strong and could continue for the short and long term even with some negative news for the market.

Ethereum price action shows a period of uncertainty near the resistance of 2150, waiting for direction perhaps towards the 2400 resistance level or coming back towards the 1900.