Ethereum has bounced from a significant support zone, historically marking macro bottoms since 2017 followed by powerful rallies.Currently, Ethereum is trading at $2,512, showing a 39.3% increase in the past month with a market cap of $303 billion.Technical analysis suggests a strong foundation for Ethereum's price with the potential for a rally towards the $2,600-$2,800 range.Bulls are optimistic about a continuation of the rally, as momentum and sentiment favor Ethereum once again.