Ethereum (ETH) is trading around $4,740, just 3% shy of its November 2021 record high, as bullish momentum sweeps the crypto market. The surge is fueled by record-breaking inflows into spot Ethereum ETFs, which have attracted over $2.3 billion in just six days, with a single-day high of $1 billion.
Institutional interest is also heating up. Major companies, including BitMine Immersion Technologies and ARK Invest, are increasing ETH holdings, signaling confidence in long-term growth. Analysts from Standard Chartered now project Ethereum to hit $7,500 by year-end, with some forecasting $12,000–$15,000 if momentum continues.
Technical indicators remain bullish, with traders eyeing the $5,000 mark as the next key resistance. Recent upgrades like Pectra, which lowered transaction costs and boosted speed, have strengthened Ethereum’s fundamentals, while stablecoin regulation in the U.S. adds to its appeal.
For Binance traders, the message is clear: Ethereum is at a critical breakout point, supported by strong fundamentals, growing adoption, and favorable macro conditions. The coming weeks could be decisive in determining whether ETH sets a new all-time high.