Ethereum is showing signs of a potential rebound, aiming for a comeback to $3,300 after a recent decline from $4,109 to $3,095. Key indicators, including a rising Stock-to-Flow Ratio and a positive MVRV Z score, suggest increased scarcity and undervaluation, fostering bullish sentiment among investors. If momentum is maintained, Ethereum could target $3,700 and $3,900, although caution is advised as bearish forces remain present.
