For this week’s Trading Take, Beimnet Abebe (Galaxy Trading) joins Alex Thorn (Galaxy Research) to break down Ethereum’s recent rally, including record ETF inflows and billions in treasury company purchases. They discuss how elevated funding rates, derivatives positioning, and a wave of institutional demand are fueling the move, and what could happen if ETH breaks its all-time high. Beimnet also shares his outlook for Bitcoin as it approaches price discovery, explains why risk appetite is back across markets, and highlights the macro conditions driving asset prices higher.