Ethereum$ETH is currently trading around $3,913, showing strong bullish momentum with intraday movements between $3,654 and $3,921. Over the past day, $ETH has gained roughly 4–6%, supported by a surge in institutional demand and over $209 million in inflows. Technical indicators are pointing toward a potential breakout above $4,000, and some analysts believe it could even reach $6,000 if the current trend continues. On-chain activity is also thriving, with Ethereum recently hitting an all-time high of 1.74 million daily transactions. Meanwhile, a major whale with short positions is nearing liquidation, further tilting the market sentiment toward bullishness. However, #Binance’s ETH reserves dropped by nearly 10%, which could indicate shifts in market supply dynamics. Overall, Ethereum is leading the altcoin rally and remains in a strong position for further upside.
