$ETH Ethereum's price has also experienced a notable rally, trading near $3,700. Analysts are forecasting that the price could soon reach $4,000. There are also predictions of the price reaching between $8,000 and $12,000 by 2025. The main driver for this is record investment in spot Ethereum ETFs, which has boosted institutional demand. US President Trump announced the inclusion of Ethereum in the "US Strategic Crypto Reserve," further enhancing its importance. There has also been an increase in the activity of "whales," or large investors, on the Ethereum network. The Ethereum 2.0 upgrade and the growth of the DeFi sector are also contributing to the price increase. In the month of July, Ethereum's price recorded a surge of over 60%. The gas limit for Ethereum has also been increased, which will improve network performance. Analysts believe this could be the start of an "altcoin season" led by Ethereum.
Trading Signal:
Entry Price: $3,650 - $3,700
Stop Loss: $3,450
Take Profit: $4,000
