#EthereumBreaks3.5K: ETH Surges Amid Record ETF Inflows

Ethereum $ETH has surged past the $3,500 mark, sparking excitement across the crypto market. This breakout comes amid a wave of institutional interest, especially with U.S.-based spot Ethereum ETFs recording $727 million in a single day—totaling over $2 billion since July 4.

The rally reflects growing investor confidence, driven by expectations of further regulatory clarity and potential staking features being approved for ETFs. On the technical front, ETH has broken through major resistance levels and is now targeting $3,700 and possibly $4,000+ if bullish momentum continues.

On-chain data shows increased network activity, with Ethereum’s total value locked (TVL) rising by 36%, daily active addresses climbing, and gas fees spiking—indicating higher demand. Crypto analysts believe this breakout could be the start of a larger move toward $7K or even $10K, especially if institutions continue accumulating.

Ethereum’s latest surge positions it as a strong contender in the next crypto bull run, outperforming Bitcoin in recent weeks. If momentum sustains, ETH may become the focal point of the next wave of altcoin dominance.