$ETH The bullish divergence in the Ethereum market suggests potential for price recovery.

The Ethereum ($ETH) market currently shows a significant bullish divergence, which often signals a market recovery. Historical data indicates that an increase in the buy-sell ratio is often associated with a price rebound. Despite a recent price drop due to the Bybit hacking incident, whale accounts have increased their holdings, indicating long-term confidence in ETH. However, smart DEX traders are taking profits, which may lead to short-term price fluctuations. $ETH is currently in the oversold zone, which typically suggests a potential for price rebound, but external market shocks could impact this trend.