Ethereum (ETH) is slightly green today, followed by Bitcoin’s intraday price action. At the time of going to press, Ethereum was trading at $4123.20, up by 3.15%. Besides the price going up, Ethereum trading volumes are also rising. In the last 24 hours, Ethereum trading volumes have shot up by 60.98% to $29.98 billion. The rising volumes alongside the price are an indicator that bulls are taking control, and that Ethereum could soon be headed higher. Multiple factors support an Ethereum rally in the short and medium term.