Ethereum's ETH is showing signs of a potential price rebound after recently reaching oversold levels. Analysts from 10x Research noted several catalysts that could drive an ETH rally, including an upcoming Pectra upgrade and a crucial CPI report on U.S. inflation. LMAX strategist Joel Kruger pointed out that after hitting a low price compared to Bitcoin, investors are starting to buy the dip. A breakout above the resistance at $2,650 could lead to a rise towards $3,000, representing a potential gain of about 13%. The relative strength index (RSI) for ETH dropped to around 35%, indicating oversold conditions which have historically preceded rebounds. Additionally, positive U.S. inflation data could enhance market sentiment further, contributing to ETH's potential upward momentum. As ETH faced challenges in recent weeks, a bounce back to $3,000 could signify renewed bullish sentiment among investors.

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