Ethereum's Unexpected Surge: A Mirage or Trend?

Ethereum (ETH) surprisingly soared by 29% between May 8 and May 9, suggesting a rebound from a prolonged bear market. Yet, despite the uptick, demand for ETH ETFs and derivatives stayed tepid. Interestingly, @realDonaldTrump's shift in stance on certain altcoins seems to bolster ETH's renewed momentum. Even with significant gains, traders remain skeptical, highlighting a tepid investor sentiment. Despite network upgrades enhancing scalability and $64 billion in total value locked, Ether's appeal remains uncertain, as muted enthusiasm shadows further price potential. Can Ethereum truly sustain this rally, or is another test of faith looming?