#MarketRebound Ethereum (ETH) is showing signs of a potential market rebound, driven by several key factors. **Institutional accumulation** has been a major catalyst, with BlackRock purchasing over 269,000 ETH—worth approximately $673.4 million—without selling a single coin. This signals strong long-term confidence in Ethereum's value.

Additionally, **network activity is surging**, with Ethereum recording 42 million transactions and 440,000 daily active addresses—both multi-year highs. This increased usage, particularly in decentralized finance (DeFi) and stablecoin transactions, suggests growing demand.

From a technical perspective, the **ETH/BTC ratio recently hit a six-year low before rebounding by 30%**, indicating a potential trend reversal. Furthermore, Ethereum’s **Relative Strength Index (RSI) dropped to historically low levels**, suggesting that ETH was oversold and primed for a recovery.

Another bullish indicator is **whale accumulation**, with large investors purchasing 1.1 million ETH within just 48 hours. Historically, such buying activity has preceded price recoveries.

Looking ahead, Ethereum’s price could be influenced by upcoming **protocol upgrades**, including Danksharding, which aims to improve scalability and efficiency. If these developments restore ETH’s value capture capability, the rebound could gain further momentum.