#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 for these ETFs.

Whale accumulation the 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 forecasting that ETH could reach $4,000 by the end of July, with technical resistance ranges between $4,200 and $4,500. #BTCvsETH $BTC