#ETHRally Ethereum's recent rally is driven by several factors, including¹ ² ³:
- *Institutional Adoption*: BlackRock's iShares Ethereum Trust has recorded 23 consecutive trading days without outflows, signaling sustained demand from institutional investors. Ethereum-based investment products have seen net inflows of $295.4 million in the past week alone.
- *Policy Clarity*: The passage of the GENIUS Act has provided regulatory clarity, making Ethereum an attractive option for institutions. Over 50% of global stablecoin activity settles on Ethereum, positioning it to capture massive transaction volume.
- *Technical Setup*: Ethereum has broken out above key resistance levels, with analysts predicting a potential surge to $3,500-$4,000. The cryptocurrency has formed a cup-and-handle pattern on daily charts, a classic bullish setup.
- *Fundamental Metrics*: Ethereum's network adoption is growing, with unique addresses reaching an all-time high of 17.4 million. The number of ETH holders and transaction volume are also increasing.
Some predictions for Ethereum's price include⁴:
- *Short-term Targets*: $3,000-$3,700, with potential for a rally to $3,500-$4,000
- *Intermediate-term Targets*: $5,000-$10,000-$12,000
- *Long-term Targets*: $54,000
Overall, Ethereum's rally is driven by a combination of institutional adoption, policy clarity, and strong fundamental metrics, making it an attractive option for investors.
