Ethereum's trajectory towards the $10,000 mark is bolstered by significant exchange withdrawals and institutional adoption, including Bhutan's recent migration of its National Digital Identity to the Ethereum network. This move from Polygon to Ethereum underscores increasing institutional confidence in the blockchain. The transition was marked by a launch event attended by Ethereum Foundation President Aya Miyaguchi and co-founder Vitalik Buterin, who hailed it as a 'global milestone.' Additionally, a technical breakout has transformed long-standing resistance into support, further supporting Ethereum's upward momentum.