Ethereum Rebounds Strongly From Support, Driving Bullish Momentum to $8,000

Ethereum has rebounded strongly from the $3,800 support level, driven by robust institutional inflows and a favorable on-chain environment. The cryptocurrency’s price surge marks a new all-time high, exceeding $4,500 and signaling strong bullish momentum. Analysts attribute this rally to expanding DeFi applications and increasing investments from institutions, setting the stage for an upward trajectory towards the $8,000 target.