Ethereum Rallies to $4,300 on Institutional Buying but Faces Overbought Pressure

I believe Ethereum has just pushed to a new yearly high near $4,300, propelled by strong institutional demand and a clear technical breakout. I see BlackRock's sizable accumulation as a major catalyst that helped ETH break out of a long 45-month pattern, marking a significant shift in market structure for the token.

At the same time, I remain cautious because momentum indicators show overbought conditions, suggesting the rally could pause or pull back before extending. I expect short-term volatility as traders digest the breakout, so I’m watching on-chain flows, ETF-related flows, and volume to confirm whether this move has staying power.