Ethereum Prices Near Crucial Support, Analysts Eyeing Potential Rebound

After weeks of sideways movement, Ethereum (ETH) remains tightly clustered in a narrow trading range, leaving traders searching for signs that could signal a price reversal. At the time of writing, ETH is hovering around $3,846, just above the crucial $3,802 support level. Market analysts highlight that this area has emerged as a focal point for both short-term and long-term investors alike. Many are waiting to see if Ethereum can hold firm before any significant price move occurs.