The current market trend is very similar to when Bitcoin surged past 70,000 last year. At that time, Wall Street capital was buying frantically, pushing BTC to new highs.
Now ETH is experiencing the same thing; funds are rushing in, and institutions are buying aggressively, which is why there has been a recent surge.
As ETH rises to a certain level, retail investor sentiment will increase, especially the large holders who exited around 4,000 dollars will likely return to buy. At that time, institutions and retail investors will be competing to buy, and ETH could surge even more.
Currently, funds are still gathering around ETH, and once it reaches a high point (for example, if it breaks new highs again), funds will flow into valuable projects like XRP, UNI, LTC, and SUI. At that time, the altcoin rally will begin. $BTC $ETH $XRP