Ethereum Sees Buying Surge as Market Rebounds

Ethereum is experiencing a resurgence, defying recent sideways trading and breaking away from its price range. Analysts attribute this rise to increased investor interest spurred by the Pectra update and anticipation of the Federal Reserve’s interest rate announcement. Key analyst Michaël van de Poppe highlights that Ethereum’s rebound above the critical $1,740 – $1,837 range signals a return of buying momentum. While the $2,105 resistance remains a key benchmark, investors remain optimistic after a notable floor at this level defended by buyers.