Ethereum Rebounds Strongly Amid Bullish Momentum, Eyes $3,500 Level

Ethereum has staged a strong comeback as the broader cryptocurrency market turned positive, with most digital assets trading in the green after a period of selling pressure.

The rebound reflects renewed risk appetite among investors alongside Bitcoin’s steady performance.

Ethereum gained more than 6% over the past 24 hours, signaling a clear return of bullish control.

The price rebounded sharply after touching a daily low near $3,100, shifting momentum decisively to the upside.

The renewed strength allowed Ethereum to test and break several key resistance levels, reaching highs close to $3,400 and reinforcing the current bullish trend.

The token is now trading around $3,316, with a market capitalization nearing $400 billion.

Trading activity surged in parallel, with daily volume jumping above $34 billion, highlighting a strong return of liquidity and market participation.

Derivatives data also showed significant liquidations, underscoring the intensity of recent price moves.

Technical indicators continue to support the positive outlook, as the MACD posted a bullish crossover and money flow indicators turned positive, pointing to sustained buying pressure and healthy accumulation by investors.