$ETH Sure! Let’s dive into Ethereum ($ETH) in the context of a market rebound:

Ethereum Market Rebound Overview (April 2025)

After a choppy start to the year, Ethereum is showing signs of a bullish rebound, driven by both macro and blockchain-specific catalysts.

1. Price Action & Technicals

Support Level: ETH found strong support around the $2,800–$3,000 range.

Rebound Zone: It has been climbing toward $3,500+, breaking short-term resistance levels.

Volume Spike: Increased volume often confirms a true rebound, and ETH has seen a noticeable uptick in buying pressure.

2. Catalysts for the Rebound

Macro-Level:

Rate Cut Expectations: The Fed hinting at possible interest rate cuts has made risk assets more attractive.

Weakening Dollar: Helps boost crypto prices across the board.

ETH-Specific:

EIP-4844 (Proto-Danksharding): Implementation is expected to drastically reduce Layer 2 fees and increase scalability.

L2 Adoption Boom: Platforms like Arbitrum and Optimism are seeing increased activity,