#ETHRally The #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.

Some key statistics surrounding the rally include ¹ ²:

- *Current Price*: Ethereum's current price is around $4,480, with a 24-hour volatility of 4.2%.

- *Market Capitalization*: Ethereum's market capitalization stands at approximately $542.08 billion.

- *Trading Volume*: The 24-hour trading volume for Ethereum is around $43.03 billion.

Analysts predict that Ethereum's price could continue to rally, with potential targets including ³ ⁴:

- *$5,000*: Titans of Crypto predicts a bullish pennant formation that could push Ethereum's price to $5,000.

- *$5,925*: CoinPedia forecasts Ethereum could reach $5,925 by the end of 2025.

- *$6,700*: Bitpanda suggests Ethereum could reach approximately $6,700 by late 2025.