$ETH is currently trading at $4,640, after hitting a daily high of $4,777 and a low of $4,464 earlier today. Despite a slight dip of around –2.6%, ETH remains in a strong bullish structure, fueled by growing institutional interest and positive technical signals.

Analysts point to sustained inflows from major funds and Ethereum’s recent milestone of surpassing Mastercard in market capitalization as signs of long-term strength. Many traders now have their eyes on the $5,000 resistance level as the next big target.

🔹 Trend: Bullish

🔹 Catalysts: Institutional demand, strong technicals, DeFi ecosystem growth

🔹 Watch next: $5,000 resistance

💬 What’s your prediction for ETH by the end of August?

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