Ethereum Price Analysis: ETH Faces a Crucial Test After Latest Rebound
The post Ethereum Price Analysis: ETH Faces a Crucial Test After Latest Rebound appeared on BitcoinEthereumNews.com. Ethereum has staged a notable recovery after defending its recent lows, with buyers gradually rebuilding momentum. While the higher time frames remain constrained beneath major resistance, the lower time frame structure has improved, and on-chain activity appears to be stabilizing following months of cooling network participation. Ethereum Price Analysis: The Daily Chart On the daily chart, it is evident that ETH continues to trade within a broader bearish structure despite its recent rebound. The asset remains inside the descending channel that has guided the market lower for several months, while both the 100-day and 200-day moving averages continue to slope downward above the current price, which reinforces the fact that the dominant trend is bearish. Following the sharp decline toward the $1.5K demand zone, buyers stepped in aggressively, triggering a relief rally ba