Content:

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

A massive short position liquidation worth up to $200 million triggered tremendous buying power.

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

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

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

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

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