#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, which rose by only about 10%.
• Ether surpassed the $4000 mark, as part of a broader surge in the cryptocurrency market.
• The price reached over $4300, the highest level since December 2021.
• It 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, driven by strong funds like iShares, which are listed as one of the main drivers behind the buying momentum.
• Increased trading activity and transactions on the network—average daily transactions exceeded 1.74 million for the first time, as staking operations and regulatory clarity (such as SEC support for liquid staking models) bolstered confidence.
• The role of crypto treasury companies like BitMine Immersion, SharpLink Gaming, and The Ether Machine is increasing in the market, through building massive portfolios of ETH and establishing long-term demand for the assets.
