Ethereum ($ETH ) is on fire, surging 8.36% in the past 24 hours and extending its 7-day rally to 28.17%. The momentum shows no signs of slowing as a perfect storm of bullish catalysts drives buying pressure to new heights.
Massive ETF Inflows
Spot Ethereum ETFs recorded $523 million in inflows โ the second-largest daily total in history. This sharp rise in institutional buying is sending a strong signal that big money is betting on Ethereumโs long-term potential.
Corporate Treasury Adoption
Adding fuel to the fire, BitMine announced a staggering $20 billion Ethereum treasury, which translates to buying pressure for 4 million ETH. Such large-scale accumulation from corporate players is tightening supply and increasing demand simultaneously.
Technical Breakout
From a market structure perspective, ETH/USD decisively broke above the critical $4,600 resistance, confirming a technical breakout. The Relative Strength Index (RSI) sits at 77, reflecting strong bullish momentum โ though it also hints at overbought territory, meaning a short-term pullback is possible before another leg up.
With the current pace of inflows, corporate adoption, and technical strength, analysts say the $5,000 milestone could be within reach sooner than expected. All eyes are now on whether Ethereum can maintain its momentum into the weekend.
Key Takeaway:
Ethereumโs rally is being fueled by a rare combination of institutional inflows, corporate buying, and technical confirmation. If this trend continues, the next stop might just be a fresh all-time high.
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