Recent reasons for Ethereum's surge: 1. The three major U.S. stock indices hit all-time highs, driving the entire crypto market up. 2. Ethereum spot ETFs saw net inflows for three consecutive days, totaling over $400 million. 3. Ethereum's strategic reserves continue to grow, now exceeding $23 billion. 4. Institutions are buying heavily, betting on the Fed's rate cut on September 17.