$ETH

Ethereum is starting to show strong signs of a rebound, and traders are paying close attention to its price action.

After dipping below key support levels in recent weeks, ETH has now reclaimed the $3,000 zone—a psychologically important level for both short- and long-term holders. The bounce came after a strong bullish engulfing candle on the daily chart, signaling renewed buying pressure.

Looking at the chart, ETH formed a higher low around $2,800, followed by a breakout above the descending trendline that had been capping price for weeks. This shift in structure suggests that momentum is shifting from bearish to bullish. If Ethereum can hold above the $3,000 mark and build volume, the next resistance to watch is around $3,200–$3,400.

This rebound is also supported by broader market optimism, including a recovering Bitcoin and a general uptick in altcoin interest. While it’s too early to call this a full bull run, these early signs are encouraging for Ethereum holders.

As always, it’s important to manage risk and watch for confirmation before jumping in. But for now, Ethereum’s price action is telling a more hopeful story.

Let’s see how the next few days play out.