Ethereum is surging past its $4,000 resistance level and nearing its 2021 all-time high of $4,892. Analysts attribute this surge to substantial ETF inflows, low supply levels, and increased institutional investment. The cryptocurrency’s price has been steadily climbing since breaking through a multi-year price range between $2,800 and $4,000.
Key factors driving this upward momentum include institutional investments worth $2.5 billion to $3 billion weekly from ETFs, coupled with record levels of staked Ethereum, which contribute to limited circulating supply. This combination has created a strong foundation for price stability and growth.
Ethereum’s sustained upwards trajectory is further evidenced by its continued higher highs and higher lows in recent trading sessions. This indicates a bullish trend driven by consistent demand and trading volumes.
Technical analysis suggests that ETH currently stands at $4,892, with less than 5% needed to reach its historical high. Daan Crypto Trades highlights the price action since breaking $4K last week, showing periods of consolidation before a breakout. This has led to sustained upward momentum and strong trading activity.
Institutional activity, fueled by significant ETF inflows from companies like BlackRock, further amplifies Ethereum’s market position. The combination of robust demand from institutional investors and Ethereum’s leadership in DeFi, stablecoins, and real-world asset tokenization is creating a fertile environment for price growth.