There are signs that ETH has seen a rebound in the last ~48 hours. Here’s a breakdown of what’s happening:
✅ Evidence of a Rebound:
After a sharp pullback, ETH has found some support and started to climb again.
Technical analysts identify a “rebound zone” around $3,720 – $3,800, where ETH has held above or bounced back from.
Some analysts expect the downside pressure to ease soon, with support levels in the $3,700–$3,800 area helping rescue price.
In commentary, ETH is relatively outperforming many altcoins, showing greater resilience amid broader crypto weakness.
Caveats & Risks:
The rebound is still modest; ETH hasn’t broken decisively through key resistance levels.
Some analysts expect further downside toward ~$4,200 before a stronger bounce can occur.
Macro risk (macro headlines, regulatory risk, etc.) may continue to influence volatility.
