#ETHRally The #ETHRally refers to the recent surge in Ethereum's price, which has broken through the $2,800 milestone and is currently trading around $4,320-$4,647. This rally is driven by various factors, including ¹ ² ³:

- *Positive Market Sentiment*: Short squeezes and increased buying pressure have contributed to the upward momentum.

- *Increased Network Activity*: Growing demand for Ethereum's network is reflected in rising transaction volumes and active addresses.

- *Institutional Interest*: Corporate accumulation and ETF inflows have boosted market confidence, with companies like BlackRock investing heavily in Ethereum.

- *Technical Indicators*: Bullish patterns like ascending triangles and inverse head and shoulders suggest potential for further growth.

Analysts predict Ethereum's price could reach $5,000-$8,500 in the near future, driven by strong fundamentals, growing institutional interest, and Layer 2 ecosystem expansion ² ⁴.