#ETHRally Ethereum's recent rally is showing no signs of slowing down, with the cryptocurrency surging past key resistance levels. Here's what's driving the momentum ¹ ² ³:

- *Institutional Investment*: A record $1 billion inflow into US spot Ethereum ETFs, led by BlackRock's $640 million investment, has significantly boosted market confidence.

- *Bullish Technicals*: Ethereum's price is hovering near $4,360, with strong support anchored around $3,909. A break above the $4,430 resistance could pave the way for a retest of $4,827, its current all-time high.

- *Layer 2 and Ecosystem Growth*: Strengthening Layer 2 activity and growing institutional interest are contributing to the upward momentum.

*Key Price Levels to Watch:*

- *Resistance*: $4,430, $4,827, and $5,000

- *Support*: $4,232.38, $4,194.45, and $4,011.90

*Expert Predictions:*

- *$5,000 Breakout*: Analysts predict a potential surge to $5,000, with some speculating further gains up to $6,370 or even $8,500 in the long term.

- *Bullish Targets*: Trader predictions include targets of $5,241, $6,500, and $8,000, with some analysts expecting a parabolic rally ¹ ⁴ ³.

*Market Sentiment:*

- *Growing Confidence*: Institutional investors are increasingly confident in Ethereum's long-term potential, with corporate treasuries accumulating significant amounts of ETH.

- *Positive Outlook*: Analysts believe the current rally has more fuel in the tank, driven by sustained institutional interest and ecosystem growth ³ ².