$ETH above $2,600. What changed over the weekend? 🚀 Ether briefly reached $2,665 on Friday, its highest level since January, before cooling back toward the $2.5K area over the weekend. A few things lined up behind the move: → $216.4M entered U.S. spot ETH ETFs in one day, the strongest inflow in roughly two weeks → BlackRock’s ETHA led with ~$149M → the breakout triggered around $216M in short liquidations, adding fuel to the move → meanwhile, BlackRock’s newer staking $ETH fund has already crossed $1B in assets 👀 What makes the move more interesting is the macro backdrop. Inflation data didn’t remove expectations of a possible Fed hike this week, so this wasn’t simply a broad risk-on rally. On my daily chart, ETH is now back around the upper Bollinger Band. $2,600-2,665 is still the area I’d want to see reclaimed and held; below that, the mid-band around $2,476 is the first level I’m watching. #Altcoin Season# #Macro Insights# #ETH