Ethereum Breaks 4300 with Institutional Support:

Market Dynamics

• ETH briefly touched $4,300 before settling at $4,248.83, showing a 0.32% 24-hour gain

• Market cap reached $513.62 billion, strengthening ETH's position as the second-largest cryptocurrency

• Institutional confidence growing with companies like BitMine Immersion and SharpLink Gaming accumulating substantial ETH holdings

• Exchange reserves at multi-year lows creating supply pressure that supports bullish outlook

Technical Analysis & Catalysts

• MACD indicates positive momentum while RSI shows slightly overbought conditions

• Critical support established at $4,160 with next major resistance at $4,400

• Upcoming Fusaka upgrade promises improved scalability and transaction efficiency

• Anticipation building around potential approval of staking-enabled Ethereum ETFs

• $248M in liquidations during recent pullback suggests reduced bearish exposure

Strategic Considerations

• Current rally faces short-term headwinds with 20,000 ETH ($83.7M) in growing short positions

• Recent ETF outflow ($465M in one day) represents a significant risk factor

• 85.4% of community maintains bullish sentiment despite the pullback

• Traders advised to consider scaling into positions near $4,160 support while maintaining hedges

• Sustained moves above $4,400 could trigger further rallies toward historical all-time high of $4,891.70

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