#ETHRally Ethereum is currently trading at $4,628.89, with a strong bullish trend driven by increased institutional investment, favorable regulatory developments, and positive market sentiment. The cryptocurrency has surged over 7.68% in recent trading sessions, fueled by ¹ ²:
- *Institutional Investment*: Growing interest from institutional investors, including record inflows into spot Ethereum ETFs, with BlackRock's ETHA product attracting over $900 million in the past 48 hours.
- *Regulatory Developments*: Favorable stance from the US Securities and Exchange Commission on Ethereum ETFs, boosting investor confidence.
- *Market Sentiment*: Positive sentiment among traders and investors, with many expecting Ethereum to reach new highs.
*Price Predictions*:
- *Short-term*: Analysts forecast Ethereum to reach between $6,000 and $7,000 by the end of 2025, with potential for further gains.
- *Long-term*: Some projections suggest Ethereum could attain prices between $10,000 and $15,000, driven by sustained institutional interest and broader adoption.
*Key Resistance Levels*:
- $4,700: A crucial resistance level that could lead to a new all-time high if breached.
- $4,868: Ethereum's all-time high, which it is currently approaching ¹ ².