The price of Ethereum $ETH reaches around $4,220, supported by a strong upward movement after overcoming the resistance level at $4,000.

Recently, cryptocurrencies have seen significant purchases from "whales," who added about 1.8 million ETH over 30 days, reinforcing institutional confidence in digital assets.

Additionally, the ongoing recovery in institutions and some regulatory support measures, such as the inclusion of cryptocurrencies in 401(k) retirement plans, have contributed to positive price movements.

Technical Forecasts

Short-term scenario: indicates the likelihood of a price increase to $4,205–$4,222 over the next few days.

Additional technical analysis: the market has identified resistance at $4,100 and found good support around $3,700, opening the possibility for attempts to hold above these levels.

Some optimistic forecasts suggest the possibility of ETH reaching $4,500, followed by new opportunities to reach $7,000 by the end of 2025, if institutional and technical dynamics continue.