Content:

"This week, the Ethereum (ETH) currency experienced a strong rise, surpassing the $4,200 level, the highest since December 2021. Behind this momentum are several interrelated factors:

A liquidation of extensive short positions worth up to $200 million triggered immense buying power.

Record institutional inflows through ETH cash funds (ETFs) and increasing open interest indicate a broad capital redistribution.

Supportive new legislations, such as the GENIUS bill for the use of stablecoins on the Ethereum network.

Companies have acquired large amounts of ETH as part of institutional holding strategies, reflecting increasing confidence.

A better economic environment is driving investors towards high-yield assets, including cryptocurrencies.

These factors combine technical coverage (market technologies) with institutional and regulatory support, which could pave the way for further positive developments in the near future."