The hashtag #ETHRally captures the recent surge in Ethereum’s price, with ETH climbing within 4% of its all-time high (~$4,878), underpinned by strong institutional inflows, ETF demand, and on-chain activity   . Retail traders remain skeptical, selling their holdings even as whales and institutions accumulate . Spot ETFs have seen historic inflow streaks, and blockchain analytics show sustained exchange outflows   . This powerful rally has generated massive evaporations of short positions, setting Ethereum up for a potential breakout above its prior peak  .