Ethereum (ETH) is approaching its prior all-time high near $4,890 as risk assets rally on softer U.S. inflation and growing expectations of a September Fed rate cut. The market’s momentum is being amplified by record inflows into newly launched spot Ether ETFs, which have quickly become a significant demand driver. On-chain activity remains strong, with Layer 2 (L2) networks such as Arbitrum ($19.8B TVS) and Base ($16.4B TVS) showing continued growth.#REVABinanceTGE #ETHRally #ETH5kNext? #ETHOvertakesNetflix