#ETHRally ETHRally Overview

Ethereum (ETH) is on a roll! The cryptocurrency recently hit $4,600 for the first time since November 2021, approaching its all-time high of $4,800. This rally is fueled by significant inflows into spot Ethereum ETFs and a surge in treasury holdings of ETH by companies like BitMine ¹ ².

Key Drivers of the ETHRally

- *ETF Inflows*: Spot Ethereum funds saw record inflows, with over $1 billion in net additions in a single day.

- *Treasury Holdings*: Companies like BitMine and SharpLink Gaming are accumulating ETH, reducing circulating supply.

- *Short Squeeze*: Over $120 million in short liquidations occurred as ETH price surged.

Price Movement and Predictions

- Ethereum is now within 4% of its all-time high.

- Analysts predict ETH could hit $5,000, $6,000, or even $8,000 if momentum holds ¹ ³ ⁴.

Would you like to know more about Ethereum's price movement or the impact of ETFs on the crypto market?