#MarketRebound Accumulation of ETH BlackRock, key price metrics predict Ethereum rally to $3K

Rising open interest in futures, strong ETH spot ETF inflows, and bullish technical analysis indicators predict a price rally for Ethereum towards $3,000.

Key points:

Open interest in Ether futures has surged 40% in 30 days, while ETH spot ETFs have recorded four consecutive weeks of inflows.

The Gaussian channel indicators for ETH suggest a rally towards $3,100 to $3,600 could occur.

The native token of Ethereum, Ether