Ethereum has experienced a remarkable surge of over 130% in the past two months, reaching new highs above $4,880. This rapid climb has ignited discussions among investors regarding potential profit-taking amid complex macroeconomic and institutional influences. Despite the significant increase, Ethereum’s co-founders have refrained from offering direct sell recommendations. The surge is fueled by both macro trends and strong institutional backing, including inflows into Ethereum ETFs exceeding $1 billion in August, surpassing Bitcoin’s figures. Institutional investment, along with the massive ETH staking reserve exceeding $17.66 billion, underscores a powerful commitment to the Ethereum ecosystem. 388 million USD in short liquidations further indicate market volatility and the influence of institutional buying decisions on the wider cryptocurrency landscape.