$ETH 📈 Ethereum Rebounds Sharply as Bulls Regain Control 🚀

Ethereum (ETH) has surged over 13% in the past 24 hours, reclaiming the $1,800 mark for the first time since early April. This rally follows a recent low of $1,400 on April 9, marking a nearly 30% recovery. The price increase is attributed to renewed investor confidence, bolstered by easing trade tensions and a more crypto-friendly regulatory environment. Notably, Fidelity’s $253.8 million investment in Ethereum has further fueled bullish sentiment. Additionally, a significant decrease in Ethereum short positions on the CME indicates a shift in market dynamics. While Ethereum’s dominance had recently dipped to its lowest since 2019, it has now rebounded to 7.5%, suggesting a potential resurgence in its market position. Analysts caution, however, that Ethereum faces strong resistance at $1,860, and sustained momentum will be crucial for further gains. As the crypto market continues to evolve, investors are closely monitoring Ethereum’s performance for signs of a sustained upward trend.