Ether Prices Target $4,700 Amid Institutional Buying Spree

Ethereum’s price has stabilized above the crucial $4,250 support level, aiming for a potential breakout towards the $4,700 resistance. This surge is driven by both institutional inflows from ETFs and corporate treasuries, despite recent profit-taking from large traders. While this movement suggests ETH’s resilience amidst rising demand, historical market trends suggest September may pose risks for price volatility.