$ETH 🔥 Ethereum on the rise! Today, the price of ETH is around $2,842, spiking to $2,871 throughout the day — an increase of almost 4% in 24 hours.

What is driving the market?

Institutional investments continue to flow in, giving ETH an edge over Bitcoin and pushing it towards the highs of 2021.

User activity has increased: the number of unique addresses in Q2 grew by 70%, and today there are about 17 million of them.

SHORT positions on ETH are forced to readjust: $1.8 billion in shorts are at risk of liquidation — when will the $2,900 mark become the target?

💡 Many analysts are already talking about a breakout of the "bull flag" and a rise to $3,350, which could trigger a new wave of altseason.