🚀 $ETH Price Surges Past $3,650: What’s Happening?

Ethereum (ETH) has crossed $3,650, riding on strong market momentum! This surge aligns with broader optimism in the crypto space, largely driven by:

• Spot Ether ETFs: Recent approval has increased institutional confidence.

• Positive Market Sentiment: BTC’s record-breaking rally above $90,000 has lifted the entire market.

• Bullish Technical Signals: Analysts predict ETH could aim for $4,000 or even higher if momentum continues.

⚡ Challenges Ahead:

Despite the rise, Ethereum faces headwinds:

• A modest DeFi activity uptick compared to competitors like Solana.

• Increased supply due to low burn rates may cap gains.

📈 Outlook: ETH may target $4,000 soon but needs sustained momentum to break its all-time high of $4,878. Analysts advise caution, as the crypto market remains volatile.

💡 What to Watch: Keep an eye on Federal Reserve policies, DeFi adoption, and broader market trends for ETH’s next moves!