#ETHBreaks3700 It seems that Ethereum $ETH is generating a lot of excitement and there are several key factors that could drive it to new all-time highs.

Institutional demand: The approval and launch of spot Ethereum ETFs are attracting large capital inflows from institutional investors like BlackRock, Fidelity, and Grayscale. Just in July, over $3.2 billion has been seen in inflows to these ETFs.

Whale accumulation: Large holders of ETH have significantly increased their net inflows, accumulating nearly 1.49 million ETH.

Market sentiment and general trends

Bullish cycle: The current rally of Ethereum is framed within a broader bullish cycle in the cryptocurrency market, with Bitcoin also reaching new all-time highs.

Short-term targets: Analysts are predicting that ETH could reach $4,000 by the end of July, with technical resistance ranges between $4,200 and $4,500. #BTCvsETH $BTC #white2Earn