$ETH Ethereum has surged past the $4,000 milestone for the first time since December 2024, driven by strong whale accumulation, growing corporate adoption, and rising institutional interest.
Key Highlights:
Current Price: ETH is trading at $4,161.16, up 4.33% in the past 24 hours.
Market Sentiment: On Polymarket, traders now see an 87% probability that Ethereum stays above $4,000 this month — a sign of strong confidence in its long-term potential.
Next Targets: Analysts believe that a sustained breakout could pave the way toward $6,400, with some forecasting a broader altcoin rally alongside ETH’s rise.
Critical Resistance: The $4,000 level is both a psychological and technical barrier. Holding above it could trigger renewed buying from both retail and institutional investors.
Institutional Flows: On August 7, Ethereum ETFs recorded $222 million in net inflows, pushing cumulative inflows to $9.35 billion — evidence of deep institutional demand.
Whale Moves: In the last month, major players have accumulated over 1.8 million ETH, signaling strong conviction from the biggest holders.
The Bottom Line:
In the short term, ETH’s direction will depend on sentiment, whale buying patterns, and institutional flows. If the $4,000 level holds, Ethereum could be at the start of a powerful move — potentially igniting the next major altcoin rally.
