Ethereum, the second-largest cryptocurrency by market capitalization, is starting to exhibit early indications of a recovery. After reaching a recent low around $1,840, Ethereum has rebounded nearly 4%, indicating that buyers may be stepping back into the market. This movement isn’t merely coincidental; a rebound pattern has been quietly forming over the past several weeks. Several key signals are suggesting a potential shift in Ethereum’s trading landscape. First and foremost, selling pressure has sharply declined. Additionally, derivatives traders have adopted an aggressively bearish stance without significantly increasing their positions. Simultaneously, long-term holders—those who tend to buy and hold—are re-entering the market after a prolonged period of selling. Together, these factors suggest that the current Ethereum bounce may have the potential to extend further.