#ETHRally Ethereum's recent rally has been remarkable, with its price surging over 7% in the last 24 hours and 46% in the past month. Here are some key points about the current state of Ethereum¹ ²:

- *Current Price*: Ethereum's current price is around $4,640.52, with a 24-hour trading volume of $60,034,149,988.

- *Market Capitalization*: Ethereum's market capitalization has reached $560.15 billion, overtaking Mastercard's market cap of $519 billion.

- *Institutional Adoption*: The rally has been fueled by massive institutional adoption, with publicly traded companies accumulating ETH treasuries worth billions. Some notable examples include³:

- *BitMine Immersion Technologies*: holds 833,137 ETH valued at over $3 billion

- *SharpLink Gaming*: holds 521,900 ETH worth approximately $2 billion

- *Technical Analysis*: Technical analysts identify Ethereum's breakthrough as a textbook Wyckoff Accumulation pattern breakout, with potential targets reaching $6,000 to $8,000 based on triangle measurements.

- *Open Interest*: Ethereum's open interest on Binance has reached a record high of $8.7 billion, nearly 3.5 times the bull market in 2021. This indicates growing institutional interest and potential for further price increases.

- *Gas Fees*: Gas fees on Ethereum have dropped to $0.53, historically signaling massive on-chain activity and price explosions.

- *Vitalik Buterin's Holdings*: Vitalik Buterin has returned to billionaire status with his on-chain portfolio valued at $1.04 billion, driven by his 240,042 ETH holdings.