Ethereum is a top crypto token closely watched alongside Bitcoin, and its price has experienced a recent dip of over 5%. Despite this drop, Ethereum’s resilience is evident as it nears key support levels. The token surpassed its previous high in March 2023, setting the stage for a potential surge to new heights. Analysts suggest that Ethereum’s current price could be close to reaching the bottom of the recent bearish trend. Several indicators provide insights into this future possibility: the weekly ETH chart shows signs of a possible reversal, and the RSI indicator has recently dipped below 30 – similar readings were observed at previous market bottoms in 2018 and 2022.