Ethereum (ETH) is continuing its short-term rebound, rising more than 2% on the daily chart. With a bullish moving average alignment and an uptrend Supertrend signal holding, the remaining bearish MACD signal and whether the price can break back above recent highs are cited as key variables that will determine the future direction.

■ Up 2.77%... RSI Shows Clear Short-Term Buying Strength

As of the daily chart on the 15th, ETH was trading at $2,545.70, up about 2.77% from the day's opening price of $2,477.10. As short-term buying momentum recovered, the price is moving above major moving averages.

The RSI(6) recorded 63.29, rising from the previous day's 49.99, showing a clear increase in short-term buying strength. While not yet at levels typically classified as overbought, short-term buying momentum can be considered strengthened.

■ MACD Bearish Signal Persists... Downward Momentum Eases

The bearish signal continues on the MACD. The bearish structure has been maintained since a death cross occurred about 13 days ago. However, the histogram improved from -17.64 to -14.36, indicating that the downward momentum itself has partially eased.

■ Moving Averages in 'Typical Bullish Alignment'... Supertrend Also Points Up

The moving average structure is relatively strong. MA7 stands at $2,493.80, MA25 at $2,473.82, and MA99 at $1,977.74, showing a typical bullish alignment with MA7 above MA25 and MA25 above MA99. The current price of $2,545.70 is also above all three moving averages.

Unlike the mixed average structures seen previously in Bitcoin and XRP, ETH's daily moving averages alone show that its uptrend remains relatively clear.

The Supertrend is also maintaining an upward signal. Its baseline is $2,241.61, and the current price is moving more than $300 above it. Based on this indicator, ETH remains within an uptrend range.

■ Volume Above Average, Large Trades Show Net Inflow of 16,993 ETH

Trading volume reached 1.04 times the recent 7-day average, slightly exceeding the average. While volume did not expand sharply, net inflow based on large trades was tallied at approximately 16,993 ETH, with a net inflow ratio of 3.55%.

■ Short-Term Correction Followed by Continued Mid-Term Uptrend

Mid-term gains are also being maintained across timeframes. ETH rose 2.75% over the past day, 1.23% over 7 days, and 35.24% over 30 days. In contrast, the 5-day return was -0.32% and the 20-day return was -0.21%, showing a short-term period of correction and consolidation.

The current price is about 4.51% below the recent 7-day high of $2,665.99. Therefore, a key watch point going forward is whether ETH can recover the $2,600 level and then retest the recent high zone around $2,665.

In particular, if the price breaks above the high with accompanying volume growth in this zone, it can confirm whether the current rebound extends beyond a mere technical rebound into a trend continuation signal. Conversely, if volume shrinks and the uptrend stalls near recent highs, the possibility of re-entering a short-term consolidation range should be kept in mind.

■ Key Factors Are Volume and Price Reaction at $2,665.99

Currently, Ethereum is showing positive signals with the bullish moving average alignment, the rising Supertrend, and net inflows from large trades. On the other hand, the fact that the MACD death cross has not yet been resolved remains a cautionary factor. Ultimately, the key to the short-term direction lies in whether volume is sustained and how the price reacts around $2,665.99. While the mid-term technical structure is relatively favorable, it is difficult to confirm further gains until a breakout above recent highs is verified.

[This article is general market information based on the market data provided and does not recommend buying or selling any specific cryptocurrency. Cryptocurrencies are highly volatile, and losses and responsibility arising from investment rest with the investor. AI assisted in part.]