#ETHRally Ethereum's recent rally is driven by significant institutional interest and strong inflows into spot US Ethereum ETFs. The cryptocurrency has surged to $4,695, just 4% away from its all-time high of $4,891.70 set in November 2021.

*Key Factors Behind the Rally:*

- *Institutional Buying*: Major players like Bitmine Immersion Tech, Sharplink Gaming, Fundstrat, and Fidelity Investments are accumulating significant amounts of ETH, reducing circulating supply and adding upward pressure on the market.

- *ETF Inflows*: US spot Ethereum ETFs have seen record inflows, with over $1.5 billion entering the funds in the past 48 hours, extending the positive net flow streak to 6 days.

- *Growing Adoption*: Ethereum's network activity and adoption continue to grow, setting the stage for significant upside potential ¹ ².

*Potential Targets and Resistance Levels:*

- *$6,000*: Some analysts predict Ethereum could hit $6,000 this month, driven by institutional interest and bullish momentum.

- *New ATH*: With just 5% away from its current all-time high, Ethereum is believed to be on track to hit a new ATH soon ².

*Warning Signs:*

- *Correction Risk*: Analysts warn that Ethereum may be due for a correction soon, with potential targets at $3,980 or $3,860 if it drops below $4,150.

- *Harsh Corrections*: Crypto trader Michaël van de Poppe advises taking some profits after the recent rally, citing the potential for harsh corrections .