#MarketRebound Accumulation of ETH by BlackRock, key price metrics predict Ethereum rally to $3K
Increasing 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 by 40% in 30 days, while ETH spot ETFs have recorded four consecutive weeks of inflows.
The ETH Gaussian channel indicator suggests a rally towards $3,100 to $3,600 could occur.
The native token of Ethereum, Ether
