$ETH Ethereum is currently showing signs of recovery after a prolonged period of bearish movement. Here are some trending topics and insights:

Price Movement

- Ethereum's price is expected to surge, with some analysts predicting it could reach $2,200 in the near future, driven by bullish sentiment and options flow on Deribit.

- Others predict a potential short squeeze, with Ethereum's price targeting $2,000 amid declining supply on major exchanges like Binance.

- Some analysts even forecast a rally to $10,000 or more, citing Ethereum's breakout from its long-standing downtrend and strong bullish momentum.