Ethereum price has rebounded from the $3,200 support level and climbed above $3,500! 🚀 If it can stay above this level, a rally towards $4,000 is expected in the short term. The RSI is also above 50%, which supports bullish momentum.

But be careful! The bearish divergence on the 4-hour chart suggests that the price could retest the $3,500 level. Market sentiment has cooled as funding rates have fallen. This could lead to a sustained rally if demand picks up. 📊