Ethereum's strong rally, driven by institutional demand and bullish market sentiment, has seen it break key resistance levels, with significant buying activity from U.S. whales.
Ethereum has experienced a remarkable rally, surging over 70% since mid-June and recently reclaiming the $3,600 level. This increase is supported by significant buying activity from U.S. whales, as highlighted by a premium on Coinbase, indicating renewed institutional interest. Daily inflows into Ethereum spot ETFs have reached all-time highs, reflecting growing confidence in ETH as a core digital asset. The current market environment shows no significant overheating, suggesting potential for further upward movement if bullish momentum continues.