$ETH has just broken above a multi-year resistance level of $4500 and is slowly moving towards $5000.



Here’s what’s driving the surge:

Institutional Buying Surge
BitMine Immersion Technologies is accelerating ETH purchases, aiming to buy billions worth. Analysts point to this as a major reason behind ETH’s near 6% intraday gain.

ETF Inflows & BlackRock’s Play
Ethereum spot ETFs just saw about $1B in inflows. BlackRock alone bought 150,000 ETH, reviving hopes of new all-time highs.

Moment in the Market
ETH is hovering above $4,400, nearing $4,500 resistance. Institutions are stacking ETH, betting on SEC approval for Ether ETFs, and narrowing the gap with Bitcoin’s rally.
and
CME ETH futures volumes are at record highs, open interest is approaching $60B. But derivatives traders are treading cautiously, even after a 41% rally this month.

Big caps and midcaps will follow in the coming weeks.
Are you prepared?

#Ethereum # ETHUSD
ETH-3.32%
MULTI-3.02%
MAJOR-2.79%
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