Ethereum is attempting a short-term recovery after bouncing from a key support area, but the next few trading sessions are seen as critical for confirming whether the rebound can hold.

The analysis highlights that $ETH

ETH

1,662.52

-1.22%

is still facing strong resistance overhead, and buyers need to push price above those levels to sustain momentum. While recent price action shows some stabilization and early signs of recovery, market sentiment remains cautious due to previous failed bounce attempts and ongoing selling pressure.

If Ethereum manages to break resistance, it could extend its recovery trend. However, if it gets rejected again, the price may return to consolidation or retest lower support zones.