Ethereum is showing signs of recovery as buyers return to the market, stabilizing around $3,400 after a significant sell-off triggered by the Federal Reserve's hawkish rate cut decision. However, US investors continue to exert sell-side pressure, as indicated by the Coinbase Premium Index and recent ETF outflows. A critical support level at $3,014 could lead to a sharp decline if breached, while a daily close above $3,550 would invalidate bearish sentiments.
