Ethereum’s price has recently experienced a surge driven by several factors, including the successful implementation of the Pectra upgrade and increased bullish sentiment within the market. This has propelled Ethereum’s market cap past that of Bank of America, with the token breaking through crucial resistance levels. The current momentum strongly resembles the Bitcoin 2021 bull run, suggesting a potential for a significant price surge beyond a five-digit figure. The ETH/BTC ratio has seen strong bullish momentum, rebounding from key support levels in 2020 before the start of the 2021 bull run. This historical trend could be a contributing factor to the recent bullish wave led by prominent whales like James Wynn who have opened long positions on Ethereum with significant leverage.