#ETHRally Ethereum's price has been on a tear, recently surpassing $4,600 for the first time since November 2021. This surge is largely driven by significant inflows into spot Ethereum ETFs, with over $1.5 billion entering these funds in the past 48 hours. Notably, BlackRock's ETHA product attracted over $900 million during this period.

Some key factors contributing to this rally include ¹ ²:

- *Institutional Interest*: Growing investment from institutional players, such as Bitmine Immersion Technologies and Sharplink Gaming, who collectively hold significant amounts of ETH.

- *ETF Inflows*: Record-breaking inflows into Ethereum ETFs, with $1 billion entering the funds in a single day.

- *Market Sentiment*: Despite some traders expressing fear, uncertainty, and doubt (FUD) on social platforms, the overall sentiment remains bullish.

Analysts predict Ethereum's price could continue to rise, with potential targets including ³ ⁴:

- $4,891.70: Ethereum's all-time high, which it is currently within 4% of.

- *$5,000-$6,000*: Some analysts believe Ethereum could reach these levels in the near future, driven by sustained institutional interest and ETF inflows.