Ethereum's price is expected to rise.

Ethereum's price rebounded on Monday, reaching $2,657, 

after a decline of more than 0.75% over the previous day.

This rise comes after more than 48,000 coins were purchased over the past few hours,

 reflecting investor confidence in the currency.

A further rise in the price of the currency is expected,

 possibly reaching $3,200, especially after the increase in cash flow

 to the currency by more than $100 million.
 

Technically:

The currency has reached strong new buying demand areas, 

near the 2,545 level, as shown on the chart.

We are expected to see a further rise in the currency in the coming period,

to the following targets: 2,887, 3,090, and 3,247, respectively.

However, if the current demand zones are broken and a full candle closes below them,

specifically below the 3282.21 level, the bullish outlook will fail.

A continued decline is expected in the medium term, 

reaching approximately the 1935 level.