🔷Ethereum continues its steady climb, breaking above the $3,600 mark and gaining over 20% in the past week. The rally is being fueled by a wave of short liquidations — exceeding $128 million in just one day — and strong demand for call options. Analysts note a shift in market sentiment, as interest in ETH grows amid positive regulatory developments in the U.S. and record inflows into spot ETFs.
🔷Institutional investors are actively accumulating the asset, evidenced by the Coinbase premium and peak inflows into BlackRock’s ETHA fund. While experts caution about potential overheating, the technical outlook still favors the bulls.