$ETH has bounced off the $3,680 support zone, pushing back towards the $3,750 mark. This indicates that buyers are still active and defending the recent uptrend. The price action suggests a battle around the moving averages, with bulls trying to reclaim higher ground. The slight increase in volume on this bounce is a positive sign.

Key Catalysts & Outlook:

The immediate outlook for ETH hinges on its ability to break and hold above $3,800. A successful breach could quickly see it target $3,900 and then $4,000. Conversely, a rejection from $3,800 could lead to a retest of $3,700 or lower. Fundamentals remain strong with upcoming network upgrades, providing a long-term bullish bias. Short-term, watch for momentum at the $3,800 hurdle.

Here's an image reflecting Ethereum's current rebound and the key resistance it's facing:

ETH

3,124.36

+0.98%

#USGovShutdownEnd? #PowellWatch #AltcoinMarketRecovery #AltcoinMarketRecovery #TrumpTariffs