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Has ETH rebounded?
#ETH

The rebound of ETH is indeed worth paying attention to. Currently, there are many optimistic voices in the market, but it ultimately depends on whether several core factors are in place.

In the short term, $3400 is an important resistance level. If it can break through, it may further advance towards $3900 or even $5000. However, if $2400 cannot hold as support, it may face a risk of correction.

In terms of long-term potential, there are optimistic forecasts for 2025 predicting that ETH could reach $7000, and even challenge $47000 by 2030. However, this depends on L2 development, market adoption, and the overall economic environment.
From a technical perspective, the recent large purchases by whales are a positive signal, but the MACD indicates that the bullish momentum is weakening, and the KDJ is also in an overbought state, suggesting that short-term volatility may increase.

Currently, market sentiment is neutral to cautious. Although on-chain data supports a bullish outlook, the decrease in ETH supply on derivatives and fiat exchanges also hints at a possible short-term breakthrough of resistance.
In terms of risks, false breakouts, insufficient trading volume, macro policies (such as tariffs), and competitive pressures (such as Bitcoin) could all impact the rebound.

In summary, ETH has the potential to rebound, but it is essential to keep a close eye on key levels and market sentiment while being cautious in operations.