$ETH Ethereum is showing signs of recovery. Technical analysis indicates support in the $1300-$1500 range and resistance near $3300-$3400. The successful Dencun upgrade, which has reduced gas fees in L2 networks, is a positive fundamental factor. However, overall market sentiment and macroeconomic conditions may impact future price movement. A breakout of the resistance level could pave the way to new highs, but a correction remains possible. Careful monitoring of the market and key levels is recommended.