Ethereum Reclaims Demand Zone As Market Turmoil Heats Up; Is $500 Possible?

 ETH’s price loses its $1,200 demand zone in the early hours as Binance rejects FTX takeover, with the price responding with a bounce from its daily low. 
 ETH’s price continues to look bearish with the market’s current state, as things look uncertain for most traders and investors. 
ETH’s price bounces from a low of $1,100 on the daily timeframes as the price aims for the 50 and 200 Exponential Moving Averages (EMA)In the last two days, the crypto ma