When trading volume reduces faster than price declines could be an indicator that existing Ethereum investors are cutting back on trading at the current prices, instead holding out for another swift rebound phase  above $4,000 in the coming week.  

Additionally, key fundamental bullish catalysts, such as the positive sentiment surrounding the upcoming Dencun upgrade, and progress of ETH ETF filings  also further reinforce the optimistic outlook for an imminent Ethereum price rebound.

ETH Price Prediction: Bulls to Defend $3,850 Fiercely 

The curtailed selling pressure observed among Ethereum investors after breaking the $4,000 barrier puts ETH in prime position to avoid a major downswing below $3,750. 

The 7-day Exponential Moving Average (EMA) also confirms this outlook. It shows that traders who acquired ETH in the past week paid an average price of $3,740. 

With them still holding approximately 20% profits, the majority of them could hold out for more gains as the broader crypto markets remain dominantly bullish. 

A successful consolidation above that key $3,750 area could see Ethereum price advance by another 15% above the next milestone target at $4,500.