Despite a broader crypto market slump, Ethereum (ETH) saw a surge exceeding 2% today, hovering near the $3,900 mark. The recent price rise can be attributed to active corporate investments, signaling long-term confidence in ETH’s potential. Bitmine, an ETH treasury firm, has continued this trend with a significant recent buy of $29 million worth of ETH. This follows a decline in institutional interest seen in the Ethereum ETF this week as well as a significant decline in ETH price over the last week. Market pundits remain optimistic, suggesting a potential rally to $5,000 for ETH. While some analysts cite support levels at the $3,800 mark and predict a positive trend if ETH reclaims the $4,000 level, others express caution regarding market fluctuations. Further investigation into the factors influencing ETH’s price will reveal more insights into its future trajectory.