$ETH Ethereum is showing strong signs of recovery and momentum as the broader crypto market rebounds from recent lows. After experiencing a sharp decline to around $1,400, $ETH has climbed back, posting a 11% gain over the past week.

Upgrades aimed at improving Ethereum’s efficiency, scalability, and staking protocol are driving optimism among investors. Significant on-chain data also highlights a surge in Ethereum accumulation, particularly in preparation for the anticipated May 7 upgrade.