Ethereum's price has been struggling lately, but several factors indicate that a reversal might be on the horizon. Here are the top 5 reasons why Ethereum is poised for a comeback:

1. Surge in Ethereum Active Addresses

Ethereum has seen a significant increase in active addresses, reaching a three-month high of 617,170. This surge in activity is a positive indicator of growing user engagement and network utilization. Increased active addresses often correlate with higher transaction volumes and stronger market sentiment.

2. ETH/BTC Ratio Remains Strong

The ETH/BTC trading pair has remained above the crucial 0.05 BTC level. This indicates relative strength against Bitcoin, suggesting investor confidence in Ethereum's performance.

3. Spot Ethereum ETF S-1 Amendments

The filing of S-1 amendments by prominent financial firms for Spot Ethereum ETFs is another significant development. Companies like BlackRock, Fidelity, Grayscale, and VanEck have submitted detailed amendments to the SEC, indicating their commitment to launching these funds.

4. Introduction of Ether Option ETF

YieldMax has recently filed for an Ether Option Income Strategy ETF. This proposed ETF will employ a synthetic covered call strategy to generate income by capitalizing on the volatility of underlying Spot Ethereum ETFs.

5. Growing Institutional Adoption

Standard Chartered, an international banking giant, recently announced plans to open a trading desk for spot Bitcoin (BTC) and Ethereum. This move marks the bank as the first to enter spot crypto trading. Institutional participation can significantly impact market liquidity and investor confidence, potentially driving up the Ethereum price.

Conclusion

Ethereum's price is currently trading below $3,500, but these five factors indicate that a price reversal might be on the horizon. The surge in active addresses, strong ETH/BTC ratio, Spot Ethereum ETF S-1 amendments, introduction of Ether Option ETF, and growing institutional adoption all suggest that Ethereum is poised for a comeback.