Ethereum Surges: Two Catalysts Fueling $ETH’s Latest Rally

Ethereum bulls are back in charge as $ETH punches through resistance levels. Here’s what’s driving the momentum—and why Wall Street’s ’crypto experts’ are scrambling to revise their price targets.

Reason 1: Institutional Demand Heats Up

BlackRock’s ETH ETF approval rumors sent shockwaves through derivatives markets—open interest just hit a 2025 high. Traders are pricing in spot ETF flows before the SEC even blinks.

Reason 2: Layer-2 Activity Explodes

Arbitrum and Optimism now process more transactions than Visa. With gas fees at 3-month lows, DeFi degens are deploying fresh capital like it’s 2021 again (but with marginally better risk management).

Bonus jab: Meanwhile, Goldman Sachs analysts remain ’cautiously optimistic’—translation: they missed the bottom and are praying for a pullback.