$ETH Ethereum (ETH) is experiencing impressive momentum this month, with key factors contributing to its progression:

Rise in ETH price

The price of ETH recently reached a monthly high of $2,820, driven by consistent inflows into spot ETFs and bullish technical signals. Some analysts predict a continuation of this trend, with potential targets around $3,000 to $3,200 if current conditions persist.

Growing institutional adoption

Companies such as BitMine Immersion Technologies have announced massive investments in ETH, bolstering institutional investors' confidence in the asset.

Expanding staking

Ethereum staking is reaching new heights, with over 35 million ETH staked, representing about 27% of the total supply. This trend highlights the growing commitment of network participants.

Positive technical outlook

Technical indicators, such as RSI and MACD, suggest a continuation of the bullish trend, with potential price targets around $4,287 according to some chart analyses.$ETH