#ETHRally

Ethereum Rally Update

Ethereum (#ETH) has been showing strong momentum lately. Here are some key points about the potential #ETHRally:

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

- *Support and Resistance*: Ethereum holds strong support near $2.7K-$2.76K with 2.1 million ETH accumulated in this range. A breakout above $2,800 could lead to a move toward $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 toward $3K.

- *Network Activity*: Ethereum's network activity is growing, with active addresses hitting an all-time high of 17.4 million in June, and futures open interest topping $41 billion ¹ ² ³.

What's Driving the Rally?

- *Institutional Moves*: Cumberland's withdrawal of 36,918 ETH ($132.86 million) and Abraxas Capital's withdrawal of 7,191 ETH ($25.97 million) from exchanges fuel speculation of an impending rally.

- *ETF Flows*: Uptick in spot ETH ETF inflows contributes to bullish momentum ³ ⁴.

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