🔥 Big Moves, Bold Optimism
$ETH shoots up ~21–23% over the past week, leaving Bitcoin behind and igniting talk of an “altcoin season” as $BTC dominance drops into the low 60% range .
On the month, Ethereum is up over 45%, recently touching the $3,800 mark—its highest level since December 2024 .
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🚀 Driving Forces Behind the Rally
Institutional firepower: Record inflows into Ethereum ETFs, surging open interest (~$26.7 billion), whale-size buys (e.g. 300K+ ETH), and steady accumulation by major players are fueling the climb .
Short squeeze + technical breakout: Some say markets are currently liquidating short positions while $ETH blasts through previous resistance levels around $3.6K .
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🔭 What’s Next?
Analysts believe $4,000 is within reach, and some even project a $10K bull-case scenario if momentum sustains .
Key resistance to watch: $3,800–$4,000, with support zones at ~$2,800–$3K if any pullback occurs .
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🏦 Broader Ripple Effects
Ethereum-linked equities are surging, e.g., mining firms like BitMine Immersion and SharpLink gaming stocks jumped after announcing massive ETH hoards .
Regulatory tailwinds: New U.S. stablecoin laws, spot ETF inflows, and crypto-friendly legislation are drawing fresh institutional interest .
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💬 TL;DR:
Ethereum is undergoing a powerful rally—driven by institutional buying, technical breakouts, and macro bullishness. It’s gained ~20–45% in recent weeks, crossed $3,800, and could push toward $4K. Keep an eye on ETF inflows, whale activity, and how it holds against key resistance zones.