Ethereum (ETH) demand is increasing: Altcoins may revive.

Institutional interest in #Ethereum (ETH) has increased further in recent weeks with $210 million in ETF inflows.

Ethereum ($ETH ) is showing signs that it could reach $4,000 by the end of November. Institutional investors have intensified their #Ethereum purchases recently. Blockchain data shows a significant increase in the number of wallet addresses holding large amounts of ETH. This indicates the increasing optimism of high-net-worth investors about Ethereum’s potential. Analysts consider this trend as one of the most important bullish signals in the market.

Ethereum exchange-traded funds (ETFs) have shown signs of an increase with net inflows in the last few weeks. Large investors have begun to explore the potential of ETH as Ethereum strengthens its ecosystem with new applications. According to reports from the last three months, investors have started to adopt ETH ETFs as an investment vehicle and expect high returns from ETH.

Ethereum's price chart is forming a wedge formation, increasing the expectation of an upward breakout. This technical structure, which is usually observed during upward movements, has attracted the attention of traders and analysts. If Ethereum breaks this wedge formation upwards, it could head towards $4,000.

When we consider the increases in $BTC , $DOGE and #XRP , it is seen that ETH is lagging behind. Despite Bitcoin's constant ATH refresh, Ethereum, which has not yet exceeded $4,000, has disappointed its investors. However, the Ethereum/Bitcoin parity, which has reached its lowest level in the last three years, has begun to give signals of an increase.