$BTC $ETH $XRP The daily chart for Ethereum shows the price reaching a critical historical demand area coinciding with a clear oversold condition on the Relative Strength Index (RSI), which may indicate that the market has entered a bottoming phase or is forming a temporary bottom.

We notice that the price dropped sharply and broke the yellow area, which is a historical support zone, before rebounding sharply, suggesting that the break was false. This behavior is considered a classic signal of the beginning of a trend reversal. If the movement and buying momentum continue strongly, we will see the price move to the following levels as initial targets:

$1893

$2353

$2849

With strong buying momentum achieved, we may see targeting the $3757 level followed by $4200 in the medium term.

I see this scenario as realistic based on my observation and the use of some technical tools, alongside behavioral reading that clearly shows a strong rejection of continuing to drop below the 1500 areas.

⚠️Important Note: If the last bottom is broken with a clear daily close, this outlook will be considered invalid, and we will reassess based on new data.