#ETHBreaks3700 🚀 What is driving the Ethereum rally?

Record inflows in spot ETFs of $ETH ETH: managers like BlackRock, Fidelity, and Grayscale have accumulated between $720 and $900 million in a single day, reflecting strong institutional appetite.

Accumulation by whales: large holders are withdrawing $ETH from exchanges and moving it to cold wallets, indicating long-term confidence.

Favorable regulatory environment: laws like the GENIUS Act and the CLARITY Act in the U.S. have provided greater legal clarity, and it is expected that ETH staking will be enabled within ETFs before the end of the year.

Positive technical analysis: ETH strongly broke through the resistance between $3,620 and $3,700, and is now targeting levels like $3,820 and $4,050.

📊 Key indicators to watch

Open futures volume: it already exceeds $52 billion, showing speculative interest but also the risk of volatility.

Relative Strength Index (RSI): it is in overbought territory, which could anticipate a technical correction.

Key support: in case of a pullback, the $3,300 level is shaping up as a bounce zone.

💬 What do you think? Are we witnessing the start of a new altseason led by Ethereum? Or is it time to take profits and wait for a correction?. 📉📊✨