Strong institutional acquisitions, whale accumulation, and bullish technical signals propel Ethereum to an eight-month high, with eyes set on the $4,500 resistance level amid supportive regulatory developments.
Ethereum (ETH) broke the $4,000 barrier, reaching an intraday high of $4,240 over the weekend, spurred by significant corporate demand and whale accumulation. Technical indicators, including a breach of key Fibonacci levels and sustained RSI and candlestick patterns, point to a potential move toward $4,500, while improved regulatory clarity and robust inflows into spot ETH ETFs further support the rally. Additionally, Bitcoin Hyper, a Bitcoin-native Layer 2 project powered by the Solana Virtual Machine, launched its presale, raising over $7.7 million with tokens priced at $0.012575.