Ethereum (ETH) has surged 47% in a month, climbing to $3,600, fueled by $727M in single-day inflows into U.S. spot Ethereum ETFs, which move coins into cold storage, limiting sell pressure. Ongoing uncertainty around Fed policy—amid calls for aggressive rate cuts—adds to the bullish setup. While a $10,000 target by year-end is ambitious, analysts say it’s possible if ETF demand remains strong, restaking grows, and adoption expands through layer-2 rollups and institutional use.
