After dropping to 2,348, ETH has shown a significant rebound, currently reported at 2,405, with buyers re-entering around 2,350, indicating that strong support is still in effect.

If it can stabilize above 2,400 and break through 2,450, the bearish structure may be broken. Currently, trading volume has slightly increased, and the short-term candlestick has turned bullish, further solidifying the upward foundation.

If momentum continues, ETH is expected to challenge 2,500 again. Conversely, if it falls below 2,350, one should remain cautious of downward risks. The short-term direction is about to become clear and is worth paying attention to.