Ethereum Surges Past $3,600 as Institutional ETFs Spark $8.65B Inflows

Ethereum's price has surged significantly, trading near $3,630 and approaching the $4,000 mark, driven by an unprecedented supply squeeze and strong institutional demand. Institutional inflows, including corporate treasuries and ETFs, have acquired millions of ETH, creating a steep demand-to-supply ratio that supports further price appreciation and reduced circulating float. Analysts highlight key technical levels, with $4,000 seen as a critical resistance and potential breakout point that could trigger bullish momentum, while some caution about possible short-term profit-taking and volatility. Crypto experts foresee bullish scenarios where Ethereum could reach $6,000 through either steady consolidation or sharp breakouts, supported by strong market indicators and sustained investor confidence. Tom Lee of Fundstrat projects Ethereum could surge even higher, potentially reaching $10,000 to $15,000 by year-end, citing growing institutional adoption, blockchain technology advancements, and Ethereum's dominant role in stablecoins and asset tokenization as key drivers. This institutional embrace and technological development position Ethereum as a leading blockchain investment, with firms like BitMine accumulating large ETH holdings as part of strategic treasury management.