The Ethereum price has experienced remarkable growth recently, surging over 46% in just 30 days and breaking above $4,500 for the first time. This surge is attributed to multiple factors, including robust demand for decentralized finance (DeFi) applications and increasing investment from institutional players. Spot Ethereum exchange-traded funds (ETFs) have witnessed a string of consistent inflows over the past 12 days, further indicating strong confidence in Ethereum’s long-term growth potential. Key analysts suggest a significant price breakout could be imminent, with key resistance levels at around $2,680 and $2,850, potentially unlocking new highs for the year. While Bitcoin has also performed well, Ether’s performance is significantly outpacing it. The ETH/BTC trading pair hit a 10-week high recently at 0.02618, which further fueled optimism about Ethereum’s potential to benefit from broader altcoin season. Notably, analysts are watching the strength of the ETH/BTC ratio closely for insights into how Ethereum will perform against Bitcoin in the coming days. The bullish sentiment is compounded by increasing institutional interest in Ethereum through spot ETF inflows. Spot Ethereum ETFs have seen a consistent run of inflows over the past 12 days, signaling growing confidence in Ethereum’s long-term growth potential.