Ethereum ($ETH) has been on an upward trajectory, gaining over 8% in the past 24 hours. Several factors are fueling this surge. The Shanghai upgrade, completed in June 2025, allowed users to withdraw staked ETH, improving liquidity and investor confidence. Institutional interest has also played a major role, with BlackRock accumulating $500 million worth of ETH, signaling strong market trust. Additionally, spot Ethereum ETFs have seen consistent inflows, further boosting demand. Analysts suggest that if ETH holds above $2,700, it could break out toward $3,000. Technical indicators, including Fibonacci retracement levels, point to further potential gains. While some experts urge caution, others predict ETH could reach $4,000 if momentum continues. Overall, Ethereum’s price increase is driven by a combination of technical strength, institutional accumulation, and growing investor optimism.
