Ethereum’s rally is accelerating

Trading at $4,306, up 2.15% in 24hours and 21% over the week.

What’s powering the move?

- Institutional squeeze: Over $1B in $ETH snapped up by a mix of corporates & a mysterious buyer in just 7 days, far outpacing daily issuance (~$10M).

- Technical breakout: Price cleared the $4,200 ceiling with momentum building despite overbought signals.

- Upgrade confidence: #pectra enhancements are boosting staking & network efficiency.

Why it matters:

When corporate treasuries already hold ~2% of the $ETH supply, big buys create a structural supply crunch. This mirrors Bitcoin’s ETF-driven rally in 2024, but ETH’s on-chain activity adds an extra demand layer.

Next levels:

Holding above $4,332 keeps $4,720 in play; failure could see a pullback to $3,212 support. #ETH4500Next?