It's not alt season yet, but it's ETH season. ETH has finally reached the 4,000 level for the first time since December last year. But there’s one big difference this time. This time, we have ETH treasury companies competing for supply. Together, corporate treasury accumulation, ETF inflows, and DeFi activity are driving this rally. On top of that, Ethereum's onchain activity is exploding right now. - Daily transaction hit a new ATH of 1.74M on August 5th - Largest monthly number of transactions in July - Active addresses climbing to levels closer to its May 2021 record. This surge in activity has sent Ethereum’s dominance up to 12% for the first time in 5 years. And if ETH can hold above 4,000, we could see a move towards 7,500. https://x.com/TheCryptoLark/status/1953829827976348009/(Lark Davis)