Ethereum's recent price surge has sparked optimism among investors, here are some of the reasons the cryptocurrency will reach $4,000 this week. $ETH current price is $3,814.99, with a recent closing price of $3,794.15. Institutions are indeed investing heavily in Ethereum, with U.S.-listed spot Ethereum ETFs logging $148.57 million in net inflows in a single day, bringing the 8-week inflow total to nearly $2 billion
*Key Factors Driving Ethereum's Price*
*Institutional Investment*: Public companies like SharpLink Gaming and BitMine are accumulating Ethereum in their treasuries, signaling growing confidence in the cryptocurrency's long-term value.
*Technical Indicators*: Ethereum's price is currently testing a crucial support level at $2,474, and a break above $2,855 could trigger strong upside momentum, potentially reaching $3,500-$6,000. treasury firms could outperform ETH ETFs, unlocking
*Key Factors Driving Ethereum's Price*
*Institutional Investment*: Public companies like SharpLink Gaming and BitMine are accumulating Ethereum in their treasuries, signaling growing confidence in the cryptocurrency's long-term value.
*Technical Indicators*: Ethereum's price is currently testing a crucial support level at $2,474, and a break above $2,855 could trigger strong upside momentum, potentially reaching $3,500-$6,000. treasury firms could outperform ETH ETFs, unlocking
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ETH
4,238.27
-0.48%