Ethereum (ETH) started the week under heavy selling pressure, falling from around $3,880 to $3,200 in just two days. However, over the past 48 hours, the market has shown strong signs of recovery, climbing back to $3,630 at the time of writing.
This rebound indicates that buyers are stepping in aggressively near the $3,200–$3,300 zone, which has acted as a solid support level in the past. The pattern looks like a classic V-shaped recovery, suggesting short-term traders are confident that ETH won’t revisit the recent lows — at least not immediately.
However, to confirm a real trend reversal, Ethereum would need to break above $3,700–$3,800, where sellers previously gained control. Without strong volume, this move might simply be a relief rally within a broader consolidation phase. The next few days will be critical to see if momentum carries over the weekend.
My view: ETH remains in a neutral-to-bullish phase. For swing traders, holding is reasonable; for short-term players, taking partial profits near $3,700 might be a smart move.
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