Despite a 21% decline in the last month, Ethereum (ETH) shows signs of a potential recovery. Investors, particularly retail from Korea and the U.S., are actively purchasing, which could contribute to a rebound in prices.

Institutional investors have shifted their sentiment, leading to profit-taking after selling approximately 14,000 ETH. However, the Korea Premium Index indicates strong bullish sentiment among Korean investors, suggesting a possible rebound in ETH prices.