#ETHRally Ethereum's current surge combines technical breakthroughs, institutional inflows, and shifting market structure dynamics. While short-term resistance near $5,000 poses a challenge, the alignment of derivatives bets, on-chain accumulation, and macroeconomic catalysts suggests continued upward momentum. Traders should monitor the $4,200 support level and BTC correlation for risk management .

Market Activity & Sentiment**

- **Institutional Demand**:

- $1B+ daily inflows into Ethereum ETFs, surpassing Bitcoin ETF interest

- Corporations like Bitmine Immersion increasing ETH treasury holdings

- **Retail vs. Whale Dynamics**:

- Retail traders persistently selling during rallies (contrarian indicator)

- "Smart money" accumulation by key stakeholders

- **Notable Trades**:

- **$5M+ spent** on $5,000 strike call options expiring Sept. 26

- Whale "0x8c58" faces $26M paper loss on 20x leveraged short opened at $2,969