Ethereum just smashed through $3,700 📈
That’s +22% on the week, powered by one thing: institutional validation.
BlackRock, Fidelity, Thiel’s Founders Fund, all stacking ETH like it’s 2021 again. ETFs are hoarding supply (now over 4% of circulating ETH), and whales are joining the party. Two wallets alone scooped $745M in 7 days.
Futures OI at record highs. Exchange balances dropping. Treasury desks quietly rotating.
This isn’t just a rally.
It’s a message:
Wall Street no longer sees ETH as just “tech risk.”
They see infrastructure.
Smart contract season might’ve just started.