#ETHRally

An "ETH rally" refers to a significant and sustained increase in the price of Ethereum's native token, ETH. These rallies are often driven by a combination of factors, and a strong rally has been underway recently.

Ethereum has surged by over 40% in the last month, outperforming the general crypto market. It's reached new multi-year highs, with some analysts eyeing a move toward $5,000 and even higher in the medium term. This rally is being fueled by a surge in institutional demand, evidenced by significant net inflows into spot Ethereum ETFs. A single entity has been observed acquiring over $1.3 billion worth of ETH, and companies like BitMine Immersion and SharpLink Gaming have been expanding their holdings.

While the rally shows strong momentum and positive sentiment, some analysts caution that leveraged bullish bets are not as high as in previous cycles, and on-chain activity is not as robust as the price might suggest. Nonetheless, the overall sentiment remains positive, with institutional interest playing a significant role.