#Ethereum Eyes $4,000 as ETF Inflows Hit Historic Highs
Ethereum is gaining momentum to reach $4,000 after gaining more than 20 percent in the last week and is now trading close to $3,767. The technicals are in good shape too, as ETH managed to break out of significant resistance and found important support correctly.
Analysts like Fundstrat's Mark Newton expect a $4,000 breakout before month’s end, with extended targets reaching up to $4,320.
Fueling the rally is unprecedented institutional demand. Spot ETH ETFs have seen over $4 billion in inflows since late June, with $231 million entering on July 24 alone.
BlackRock’s ETHA fund brought in $426 million in a day, pushing its AUM past $10 billion. As adoption surges, Ethereum bulls are tightening their grip on the next breakout zone.
