#ETHRally Ethereum Rally Update

Ethereum (#ETH) has shown strong momentum recently. Here are some key points about the potential #ETHRally:

- *Latest Price Action*: The price of Ethereum has seen significant movement, with the current price at $4,630.07 as of August 12, 2025, representing a 7.85% increase.

- *Support and Resistance*: Ethereum has strong support near $2.7K-$2.76K with 2.1 million ETH accumulated in this range. A breakout above $2,800 could lead to movement towards $3,000 and possibly higher.

- *Institutional Interest*: Recent treasury purchases by companies like SharpLink Gaming and large withdrawals by market makers like Cumberland could trigger a rally towards $3K.