Ether's price actions are reflecting patterns seen during the early August bottom, suggesting a potential for a bull run. Despite a 32% decline to $2,770 since mid-December, Ether rebounded sharply from a significant drop to nearly $2,000, marking the most volatile day since September 2021. This price activity, alongside increased volumes on major exchanges, indicates that selling pressure may have peaked, which could set the stage for a rally. A noteworthy spike in over-the-counter demand for Ether and strong inflows into U.S.-listed spot Ether ETFs also support bullish expectations. Additionally, a large bull call spread on Deribit signals confidence in future price increases, aiming at $5,000 or higher by the end of the year.

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