Ethereum has recently shown significant signs of a rebound. From the weekly chart, the price has broken through the bottom range, with two consecutive bullish candles forming a typical U-shaped bottom pattern.
As the MACD successfully rises above the zero line, the technical indicators are sending strong bullish signals, suggesting that the market may welcome a wave of strong upward momentum in the future.
The initial target points to the resistance area around 3800 USD. If there is a pullback to around 3450 USD in the short term, it may be worth considering increasing spot positions to take advantage of the lower prices, as the potential for future increases is worth paying attention to.
