Ethereum Slips After Rebound, Struggling to Keep Momentum Above $3,500
Ethereum attempted a rebound but could not hold above the $3,550 area, trimming gains and signaling waning bullish momentum. Traders are watching the $3,350 support closely — a decisive move below that level would raise the odds of a deeper pullback and could prompt leveraged positions to be unwound. Volume and daily close behavior will be important to confirm whether this is a short-term correction or the start of a larger leg down.
The development matters because ETH price action often sets the tone for DeFi activity and altcoin markets; sustained weakness can pressure funding rates and liquidations across exchanges. For now, bulls need to reclaim $3,550 and steady volume to restore confidence, while bears will look for a close under $3,350 to gain control. Market participants should monitor order flow and macro cues for the next directional clue.