#ETHRally Recently, the price of Ethereum (ETH) has experienced a notable and interesting rise, supported by several factors that enhance market momentum and investor expectations. One of the key drivers of this rise is the liquidation of short positions valued at over $105 million within a week, leading to a strong buying wave that pushed the price to break through the $4,200 levels.

Additionally, the clarity of regulatory liquidity differences in the U.S. market—especially through legislations like the GENIUS Act—has contributed to financial institutions flowing into the Ethereum ETF, where record revenues for asset-backed funds reached around $726 million in a single day.

On the other hand, the Ethereum network recorded unprecedented upward activity; daily network transactions increased to 1.74 million transactions, with the percentage of ETH locked in staking rising to about 30% of the total supply.