Ethereum has recently bounced back! The price has risen from below $1400 at the beginning of the month to over $1800, reaching a three-week high. This rebound is quite strong, especially now that the market is volatile, many people are wondering if it can continue to rise.

Why did it suddenly rise? The number of short sellers has decreased: bets against Ethereum on the Chicago Futures Market have fallen below $500 million, the lowest since 2025. Previously, many people profited by short selling, but now the market has cooled down, these people have withdrawn, selling pressure has lessened, allowing for price increases.

Large institutions have started buying again: after a continuous withdrawal of funds by institutions, in the past week, Ethereum's ETF funds suddenly saw a net inflow of $38.8 million, especially led by major institutions like Fidelity and Bitwise. When institutions are willing to spend money, it usually indicates their confidence in the future market.

Bitcoin is leading the way: Bitcoin recently surged to $94,000, and the entire crypto market followed suit, with Ethereum, as the 'second,' naturally benefiting.

What's next? The resistance for rising is not great: trading data shows that the biggest selling pressure in the short term is around $1860, and if this level is broken, the path to $2000 will be much smoother. Where to look if it drops: if it cannot hold $1800, the first support level is at $1765, and below that is $1710. If it breaks these levels, it may have to go back to find previous lows.

Simple summary: Ethereum is showing good momentum now, with institutions returning + short sellers retreating + Bitcoin's support, there is a short-term opportunity to reach $2000. But if it breaks key support (like $1765), caution is needed for a pullback. Ordinary people should not get too carried away, focus on these key price points, and be aware of both upward and downward movements.