Ethereum the leading altcoin has observed a 9% increase over the past week. This surge occurs as the broader cryptocurrency market attempts to recover from recent lows. As trading activity increases, the supply of Ethereum on exchanges has begun to dwindle, indicating a desire among investors to hold onto their assets rather than sell. The rising leverage in the market alongside this decrease in supply lays the foundation for a potential bullish trend for Ethereum going forward. Traders are watching this space closely as a confluence of factors begins to create an optimistic outlook for ETH’s price trajectory, hinting at a strong recovery as the market stabilizes.