#ETHRally Ethereum is currently rallying, with its price surging over 8% in the last 24 hours to reach $4,654.88. This upswing is driven by strong institutional interest, whale activity and significant inflows into spot Ethereum ETFs. Here are some key factors contributing to the rally ¹ ²:

- *Institutional Investments*: Major players like BitMine, SharpLink Gaming and Fundstrat are accumulating significant amounts of ETH, with total holdings valued at billions of dollars.

- *BitMine*: 1,200,000 ETH, valued at $5.54 billion

- *SharpLink Gaming*: 345,000 ETH, valued at $1.59 billion

- *Fundstrat*: 317,000 ETH, valued at $1.46 billion

- *ETF Inflows*: Spot Ethereum ETFs have seen substantial inflows, with BlackRock's ETHA contributing $171 million in a single day and total net inflows reaching $1.250 billion.

- *Whale Activity*: Large whale transactions have increased, with over 8,400 transactions worth more than $10.4 billion.

- *Market Sentiment*: 75% of Polymarket users believe ETH is on track to hit a new all-time high, which is just 5% away.

Analysts predict further