#ETHRally 🔥 🔥
🚀 ETH Rally Heats Up – Eyes on $4,700 🚀
Ethereum is on a tear, climbing to $4,279+ with a 19–25% weekly gain and a market cap now above $516B. Capital is rotating from BTC to alts, with the ETH/BTC ratio rising and futures OI hitting a yearly high of $51.61B.
🏦 Institutions are all in:
• Record ETF inflows – $461M on Aug 8
• BlackRock manages $9.85B ETH, Fidelity $2.37B
• SEC confirms ETH as a commodity, clearing regulatory hurdles
📊 Chart Watch:
• Resistance at $4,300 – breakout could target $4,700
• Support at $4,000–$3,900 for potential re-entries
• 87% bullish sentiment on Binance despite profit-taking
With supply tightening, ETF flows surging, and ETH bridging DeFi + TradFi, the rally could be just getting started.