#ETH price rebound - What’s the next move?
Ethereum (ETH) has shown signs of a price rebound recently, driven by several factors including increased institutional interest and developments in the DeFi and NFT sectors. As ETH navigates through a volatile market, its next move could be influenced by both technical indicators and broader market sentiment.
Firstly, traders will closely watch key resistance and support levels. A sustained move above previous resistance at around $2,000 could signal bullish momentum, potentially driving prices higher. Conversely, if ETH falls below critical support