Ethereum’s price continues to climb, reaching new highs as institutional investors flock back into the cryptocurrency. Blackrock’s significant investment in Ethereum ETFs and the growing activity of DeFi protocols are driving this positive momentum. These factors have pushed ETH past $2,900. The recent surge in ETF inflows, with an impressive daily total exceeding $71 million, is a clear indication of renewed investor confidence. This has been further fueled by strong on-chain activity, including the growing popularity of DeFi protocols and stablecoin supply growth. Analysts believe this influx could push ETH prices towards its target of $2,900. While traders remain cautious as Ethereum continues to experience volatility, they are watching for any signs of market cooling down.