Ethereum (ETH) has broken out of an eight-month downward trend and surged 5% in a single day, reaching $3,525.The coin has gained 38% in the last 30 days, showing significant upside potential.Ethereum's technical indicators, such as the RSI and moving averages, indicate a strong bullish trend.The network's dominance in decentralized finance (DeFi) and the increasing activity in its derivatives market contribute to its positive outlook.