#ETHRally refers to the recent surge in Ethereum's price, which has been driven by various factors, including:
- *Institutional Adoption*: BlackRock's iShares Ethereum Trust has recorded 23 consecutive trading days without outflows, signaling sustained demand from institutional investors.
- *Regulatory Clarity*: The SEC's shift in stance on staking and wallet software development has provided regulatory clarity, boosting institutional confidence.
- *Technical Factors*: Ethereum has broken out of its month-long consolidation pattern, with analysts predicting further upside potential, potentially targeting $3,500 to $4,000.
- *Market Sentiment*: The global crypto market capitalization has rebounded, and trading volume has jumped 67.81% to $57.09 billion, indicating renewed investor interest.