Ethereum is on fire. The cryptocurrency just hit a 6-month high of $3,671, marking an incredible 152% surge since its March lows. With $720 million pouring into ETH ETFs in a single day, analysts believe this could be just the beginning.
What’s Driving Ethereum’s Surge?
- Record ETF inflows: BlackRock, Fidelity, and Grayscale leading institutional demand
- 37% monthly gain in July alone
- Technical breakout: ETH now trading above all key moving averages
The Road to $4,100
Ethereum’s charts show a clear path upward:
📈 Ascending channel since March
📈 Testing $3,700-$3,800 resistance
📈 Next target: $4,100 (measured move from breakout)
While the RSI at 78.54 suggests ETH is overbought, ETF inflows provide strong fundamental support to sustain the rally.
Why This Rally Could Be Different
Ethereum’s current cycle shows unprecedented strength:
- 961% gain from cycle lows (vs. Bitcoin’s 1,949%)
- Historically, ETH outperforms BTC in later bull phases
- Institutional demand now favors ETH over BTC
As one analyst noted:
What Comes Next?
All eyes are on the $4,000-$4,200 zone:
✅ Breakthrough could trigger “explosive” next phase
✅ Pullbacks should find support at higher levels
✅ ETF flows likely to keep pressure upward
