$ETH The course of Ethereum (ETH) shows signs of technical rebound after a marked period of decline. Currently, ETH is trading around $1,783, with a positive variation of 0.104% on the day. 

Recent technical analysis

• Support and resistance: The price has rebounded on the support of $1,450, but remains below the resistance of $1,730, indicating persistent selling pressure. 

• Momentum indicators: The daily RSI is in the oversold zone, suggesting potential for a technical rebound. 

• Key levels to watch: A breakout above $1,850 could pave the way towards $1,920, while a failure to maintain $1,730 could lead to a further decline. 

Fundamental factors

• Low transaction fees: Average fees on the Ethereum network have fallen to around $0.168, which could stimulate activity on the network. 

• Accumulation by investors: Significant accumulation of ETH has been observed, with a reduction of supply on exchanges, indicating renewed investor confidence. 

• Pectra update: The upcoming network update, Pectra, could bolster optimism around Ethereum and support a rise towards $2,140. 

Outlook

Although signs of a rebound are present, the trend remains fragile. Confirmation above key resistances is necessary to validate a sustainable recovery. Investors should closely monitor technical levels and fundamental developments to assess the future direction of the market.