Why did Ethereum suddenly skyrocket today?

A lot of people in the crypto space are asking today:
Why did ETH suddenly take off? Is there a big market move happening?
Let me break it down for everyone in plain language. There are 4 core reasons:

Institutions & whales are quietly accumulating
Recent on-chain data shows: Large addresses are continuously buying ETH, some institutions are reallocating ETH positions, and off-market funds are slowly flowing back into major coins.
In short, money speaks louder than words—whales have already made their move.

Ethereum upgrade expectations are brewing
The market is continuously speculating on the benefits of Ethereum network upgrades.
Faster network, lower costs, and improved ecosystem efficiency.
Every time there’s news about upgrades, it changes market expectations.
Simply put: People are starting to be bullish on ETH’s mid- to long-term value again.

Macro sentiment is warming up, risk assets are rebounding
Recently, market sentiment has clearly improved:
Funds are starting to buy back crypto assets
After BTC stabilized, capital began rotating into ETH
Major coins have become the preferred targets
This is a classic playbook 👇
BTC stabilizes → funds move to ETH → ETH pumps → altcoins follow

Technical factors triggered a “bullish resonance”
ETH had already fallen to a recent low:
Bottom consolidation → moving averages intertwined, broke key resistance, trading volume increased
Once technicals + sentiment + capital all align, you get a “sudden pump”

Stay calm—A pump ≠ confirmed bull market
The reality is more likely: a stage rebound, sentiment recovery, short- to mid-term rally, but it doesn’t necessarily mean the main bull run has started. $ETH ‌$BTC ‌