Ethereum's ETH/BTC pair has broken above the 21-day moving average, closing near 0.03454, signaling a potential shift in market dynamics. This move comes after a period of higher lows since November, indicating reduced selling pressure. Analysts suggest this could mark the beginning of a re-accumulation phase, reminiscent of past cycles where Ethereum saw significant gains. Institutional interest in Ethereum appears to be rising, with increased ownership in ETH-linked equities and ETFs. The iShares Ethereum Trust (ETHA) has seen a notable uptick in institutional ownership, suggesting growing confidence in Ethereum's market prospects. Additionally, Ethereum's mainnet activity has reached record levels, with daily transactions hitting 2.2 million, supported by recent network upgrades that have improved throughput and reduced congestion. At the time of reporting, Ethereum's price stood at $3,135, reflecting a 1.22% increase over the past 24 hours. The market capitalization was approximately $378.47 billion, with a 24-hour trading volume of $12.42 billion.