#ETHRally surged with considerable momentum—up about 7–8% over the past 24 hours—reaching around $4,600, a level not seen since November 2021 and marking a rally nearing its all-time high of approximately $4,800 . Institutional interest is a strong driver, with reports of $50 million in ETH purchases and bullish ETF inflows contributing significantly . Yet, not everyone’s convinced—social media sentiment is turning cautious, with increasing skepticism among retail traders even as “whales” reportedly scoop up Ether .