#ETHBreaks3700
Ethereum (ETH) has shattered the $3,700 barrier, recording its highest level since early January and extending a remarkable nine-day winning streak. The rally comes amid renewed institutional appetite, robust ETF inflows, and legislative clarity from the passage of the GENIUS Act, which strengthens Ethereum’s role in stablecoin issuance and drives market optimism. Whale accumulation has accelerated, reducing the liquid supply on exchanges and signaling bullish sentiment as ETH eyes the $4,000 milestone.
Technical analysis highlights ETH’s breakout after clearing resistance at $3,600, with rising volumes and parabolic moving averages supporting continued momentum. Overbought indicators suggest some near-term caution, but the broader outlook remains bullish as long as Ethereum holds above $3,500. Traders are closely watching for the next big move, with $4,000 now in sight