Ethereum (ETH) catapulted to $3,626 today — an ~8.0% 24-hour gain — as renewed institutional demand and improving macro risk appetite push volume to roughly $35.2 billion. Market participants point to spot/ETF inflows and easing political uncertainty (US funding progress) as immediate drivers; on-chain data also shows accumulation among large addresses.
Trend analysis: The short-term picture is bullish while ETH holds the $3.5k–$3.6k zone. Buyers are targeting $4,000 as the next major test — a psychological and technical resistance level — supported by improving momentum indicators and continued ETF activity.
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Bull case: sustained ETF inflows + positive macro news → break and hold above $4k, opening a run toward the recent highs near $4.9k as institutions increase allocations.
Bear case: profit-taking at $4k, a sudden reversal in ETF flows, or fresh regulatory noise could trigger rapid pullbacks to $3k or lower on high volatility. Traders should monitor volume, ETF flow reports, and whale movements closely.
Expert take: This is a conviction-building rally — not yet a confirmed trend shift — but the confluence of institutional flows and technical momentum raises the odds of a sustained leg higher if liquidity continues. Read the flow data before increasing exposure.
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