Ethereum remains on a roll, with the $ETH /USDT pair surging past $4,600 and testing new highs near $4,700—up over 8% in the past 24 hours and more than 50% for the month . On-chain data shows about 98% of wallets now in profit, suggesting both bullish momentum and potential for a cooldown . Institutional inflows and rising futures open interest—now around $61 billion—underscore growing confidence . Analysts like Standard Chartered are lifting year-end targets to $7,500, citing enhanced regulatory clarity and stablecoin utility .
