Following a brief crash, Ethereum’s price has quickly rebounded and is currently trading above $3,800. This rapid recovery coincides with the asset’s established ascending trend line, seen since August this year, which saw three notable bounces from the $3,400-$3,800 support range earlier in 2023. The strong bounce suggests a potential rally, potentially culminating in an all-time high (ATH). This bullish outlook aligns with several factors: institutional interest in Ethereum is on the rise, as evidenced by large investors like BitMine Immersion, and market conditions appear conducive to a sustained bull run in the coming weeks or months. Analysts, including crypto expert Dan Gambardello, are predicting a further price surge, potentially surpassing the current ATH, driven by increased institutional investment and the anticipated approval of Ethereum-based ETFs.