Ethereum (ETH) is bouncing back above $3,400, with investors showing optimism. Many aren't selling during the rebound, suggesting they see potential for further gains.
ETH holders are bullish as the holding time increases and profit-taking dips. This could lead to a price increase beyond its current level.
On the technical front, buying pressure is rising, and ETH might close above $4,111. However, if support at $3,328 fails, the price could drop. A bullish scenario could see dips to $3,081 or $2,878.
