#ETHRally

Ethereum is experiencing a powerful rally, driven by massive inflows from spot ETFs, increased institutional accumulation, and record on-chain activity. Nearly 30% of ETH’s supply is staked, reducing circulating supply and boosting scarcity. Technical breakouts above key resistance levels have fueled bullish sentiment, while short squeezes and rising open interest are adding momentum. Favorable macroeconomic conditions, including expectations of interest rate cuts, are further supporting the move. Analysts see short-term targets around $5,200, with potential to reach $6,000 or even $9,000 in the long run. However, overbought signals suggest a possible short-term pullback before the next leg up.