Ethereum shows signs of a potential rebound driven by ETFs, with spot ETF capital inflows turning positive for two consecutive weeks. Historically, this often indicates an average 10% increase. The bullish RSI divergence supports expectations of a short-term recovery, but the price faces direct resistance around $2020-$2040, a key supply cluster for URPD that coincides with the 0.236 Fibonacci retracement level. A decisive break above $2140 could confirm an upward trend; whereas a drop below $1920 would weaken the bullish momentum.
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Ethereum shows signs of a potential rebound driven by ETFs, with spot ETF capital inflows turning positive for two consecutive weeks. Historically, this often indicates an average 10% increase. The bullish RSI divergence supports expectations of a short-term recovery, but the price faces direct resistance around $2020-$2040, a key supply cluster for URPD that coincides with the 0.236 Fibonacci retracement level. A decisive break above $2140 could confirm an upward trend; whereas a drop below $1920 would weaken the bullish momentum.