#ETHRally

Ethereum is trading near $4,800, up about 41% in August, outpacing the broader crypto market and approaching its all-time high. The Pectra upgrade in May introduced account abstraction and expanded staking limits, while institutional accumulation has surged—ETFs and treasuries have bought 3.8% of circulating ETH since June. Standard Chartered now targets $7,500 by year-end and $25,000 by 2028, citing stablecoin sector growth. Technical analysts see $5,210 and $6,946 as next resistance levels, with on-chain data showing record smart contract deployment.