#ETHRally ETHRally Update on the Ethereum Rally

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

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

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

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

- *Network Activity* : Ethereum's network activity is on the rise, with active addresses reaching a record level of 17.4 million in June, and open interest in futures exceeding $41 billion ¹ ² ³.