$ETH #Cryptocurrency Market Rebound#ETH

Ethereum has initiated a wave of rebounds, and ETH is performing impressively! The price is steadily rising, reigniting market confidence. From a technical perspective, the short-term moving averages for ETH are trending upwards, indicating bullish signals. This rebound is attributed to technical demand following the market's overselling, and an increase in market risk appetite under the macroeconomic environment. Ethereum's advantages in smart contracts, progress in Layer 2 scaling, and energy-saving characteristics post-merge also enhance its appeal. As ecological applications expand, ETH is expected to maintain an upward trend. Investors should pay attention to key support levels to seize opportunities in the cryptocurrency market rebound.