Ethereum is currently trading above the crucial $3,900 support level, signaling strong bullish momentum. This breakout of a key bullish flag pattern has attracted attention from traders who are now eyeing potential gains towards the target price of $4,285 and beyond. bolstering investor confidence, large inflows into Ethereum-related stablecoins have been recorded. Merlijn The Trader reported significant inflow into Ethereum-linked stablecoins worth $995 million in the last 24 hours, indicating a renewed wave of participation and market depth. This surge in liquidity signifies growing interest among traders, potentially suggesting sustained price action above $4,000. Vitalik Buterin’s latest GKR tutorial further highlights Ethereum’s innovative progress in zero-knowledge proof technologies. The release focuses on efficient verification of Poseidon hashes used for ZK-proofs and blockchain scalability research. This development could encourage developers to explore more scalable and secure proof mechanisms within the network. Despite a bullish outlook, experts warn that sustained performance hinges on whether ETH can maintain its position above the breakout zone.