#ETHRally Ethereum's rally is gaining momentum, with its price surging over 8% in the past 24 hours to reach $4,627.57. This upward trend is supported by strong market sentiment, with Polymarket showing a 65% chance of Ethereum reaching $5,000 this month. Analysts predict further gains, with some forecasting prices between $10,000 and $12,000.

*Key Factors Driving the Rally:*

- *Institutional Investment*: BlackRock's purchase of over 65,000 ETH has boosted confidence in the market.

- *Bullish Sentiment*: Eric Trump's warning to short sellers has added to the positive sentiment.

- *Technical Indicators*: The Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) are signaling a strong upward trend ¹ ² ³.

However, some analysts caution about potential corrections due to bearish divergences in momentum indicators. Despite this, Ethereum's fundamentals remain strong, with growing network activity and stablecoin supply ⁴.