Ethereum Hits $3,100: ATH Ahead as Institutions Pour In 🚀
Ethereum (ETH) is trading at **$3,107**, up 5.8% in 24 hours, driven by record ETF inflows and rising institutional interest. Up 30% from June’s $2,100 low, ETH eyes its all-time high of $4,400—and beyond.
🔑 Drivers Behind the Rally:
- **ETF Surge**: Ethereum ETFs saw a record **$908M weekly inflow**, with BlackRock holding 2M ETH.
- **Supply Crunch**: Companies are hoarding and staking ETH, reducing available supply.
- **Technical Strength**: ETH broke key resistance levels, eyeing $3,200 next.
- **Pectra Upgrade**: Coming Q4 upgrade will boost scalability and solidify ETH’s network leadership.
💰 Price Forecasts: $8K–$15K by 2025
- **$10K Target**: Staking ETFs and Layer-2 growth expected to drive gains.
- **$15K Bull Case**: Depends on massive inflows and Bitcoin strength.
⚠️ Risks:
- Regulatory uncertainty
- Gas fee spikes
- Competition from altchains
✅ Outlook:
Strong demand, tech upgrades, and Wall Street backing set ETH on a path toward new highs.