#USChinaTensions The price of Ethereum has bounced back 25% from April's lows - will ETH rise to $1,800 soon?

Ethereum is showing signs of life again after several jumps. After a strong rebound from the $1,550 zone, ETH is now above the $1,600 level, indicating a potential trend reversal. Traders and analysts are watching closely as the price of ETH rises against critical resistance at $1,650. If ETH breaks above this zone, it could trigger a short-term rally. With Bitcoin gaining ground and overall market sentiment improving, Ethereum's next move could be significant.