#ETHRally
What is meant by 'Ethereum rally' (ETH price tsunami)
1. Strong price increase
• The price of Ether rose by 54% over the last month, outperforming Bitcoin's performance, which increased by only about 10%.
• Ether surpassed the $4000 mark, within a broader upward trend in the cryptocurrency market.
• The price reached over $4300, the highest level since December 2021.
• Recently reached levels of $4400 after technical indicators highlighted a positive psychological shift in the market.
2. Strong supporting factors
• Massive inflows from exchange-traded funds (ETFs); weekly inflows exceeded one billion dollars, strongly driven by funds like iShares, which is listed as one of the main drivers behind the buying momentum.
• Increased trading activity and on-chain transactions—average daily transactions exceeded 1.74 million for the first time, as staking operations and regulatory clarity (such as the SEC's support for liquid staking models) boosted confidence.
• Crypto treasury companies like BitMine Immersion, SharpLink Gaming, and The Ether Machine are increasing their role in the market by building massive wallets of ETH and securing long-term demand for the assets.
