$ETH Quick bites

Ethereum Surges 2.95% to $4,738.76, Outperforming Bitcoin and Crypto Market

Ethereum has accelerated ahead of major market movers, climbing 2.95% in 24 hours to $4,738.76 while decisively outperforming Bitcoin’s modest +0.24% gain and the broader crypto market’s +2.84% advance. Three catalytic forces propelled this leadership:

Institutional ETF Tsunami

U.S. spot Ethereum ETFs recorded $1.1B+ in single-day inflows, marking the largest institutional demand surge since ETF approvals. BlackRock’s ETHA fund alone now commands $58B in assets, with corporate treasuries like BitMine strategically acquiring 21,050 ETH ($99.9M) at current price levels.

Whale Supply Squeeze

Major investors executed stealth accumulation of $210M ETH (49,533 tokens) via OTC desks within 24 hours, reducing exchange reserves to 7.3M ETH (6% of circulating supply) – the lowest liquidity level since February 2025. This strategic withdrawal tightens available supply amid rising demand.

Technical Breakthrough Confirmed

ETH cleared the critical $4,610 resistance zone with conviction, supported by:

RSI14 at 79.93 (momentum-confirmed overbought territory)

Expanding MACD histogram (+73.89) signaling accelerating bullish momentum

Sustained trading +25% above 30-day SMA ($3,786)

Market Implication:

These converging forces – institutional capital absorption, whale-driven supply compression, and technical momentum – position Ethereum for a potential assault on its all-time high ($4,878) while establishing leadership in the current market cycle.