Ethereum is currently testing the $2,933 support level, a significant marker that previously acted as resistance in 2024 and 2025. The potential for a price rebound is bolstered by increased smart money inflows and a rising total value locked (TVL), which has reached $329.9 billion. Large Ethereum holders have also increased their balances this year, indicating growing confidence in the asset. If the $2,933 support holds, Ethereum could see a price recovery towards $3,400 and potentially $4,000. The support and resistance levels will be crucial in determining Ethereum's near-term price direction.