Ethereum (ETH) is currently trading near the $4,077 mark after experiencing a notable 6% surge, although it remains down slightly overall at a 6.68%. This recent bounce comes on the heels of a 42% jump in daily trading volume. The market’s current neutral sentiment presents mixed signals for the cryptocurrency’s future. While some bullish momentum has been observed with Ethereum breaking past its bearish trend line, the asset remains in negative territory. Despite the brief rally above $4,218.27, Ethereum has faced back-to-back rejections, making a sustainable recovery difficult. 4-hour price chart analysis shows a bearish outlook, potentially leading to a further decline if bears gain momentum. However, indicators such as the MACD and BBP suggest a potential for bullish reversal. The Bull Bear Power (BBP) reading of ETH at 164.02 reveals strong buying pressure.