- Ethereum is outperforming Bitcoin, rising nearly 52% in the past month and approaching the $4,000 price level.
- Strong ETF inflows and large institutional purchases are driving optimism for Ethereum to reach new all-time highs soon.
Ethereum is stealing the spotlight as it edges closer to the long-awaited $4,000 mark, leaving Bitcoin trailing behind in both performance and market sentiment. With ETH now trading at $3,715, it has gained nearly 52% in the past month—significantly outpacing Bitcoin’s 8% rise.
ETH Holds Steady While Bitcoin Slips
While Bitcoin recently dropped to a multi-week low, Ethereum has demonstrated surprising resilience. Even after briefly dipping to a support level around $3,500 mid-week, ETH quickly rebounded and now sits comfortably above $3,700. This strength is fueling speculation that a new all-time high could be just around the corner. According to prominent crypto analyst Borovik, Ethereum could surge past $5,000 once Bitcoin begins to recover.
The last time ETH came close to these heights was in November 2021, when it reached its all-time high near $4,900. Currently, the next hurdle is breaking past last Monday’s peak of $3,860. After that, the psychological barrier of $4,000 comes into play—a level that ETH failed to surpass three times last year.
ETFs and Institutional Buying Drive ETH Strength
Ethereum’s recent rally isn’t just market noise—it’s being backed by serious capital. U.S. spot Exchange-Traded Funds (ETFs) have had their best month yet, bringing in a staggering $4.7 billion in July alone. What’s more notable is that ETH-related ETFs have recently outperformed their Bitcoin counterparts.
Adding fuel to the fire, major institutional players are loading up on Ethereum. Bitmine Immersion Technologies and Sharplink Gaming have collectively acquired ETH worth $3.4 billion. These strategic moves signal growing confidence in Ethereum’s long-term value, particularly ahead of expected market upswings.
Eyes on the $4,000 Milestone
Ethereum is closer than ever to reclaiming its former glory. With bullish indicators across the board—from ETF inflows to institutional adoption—many believe it’s only a matter of time before ETH breaks $4,000 and beyond. As long as Bitcoin stabilizes or begins to climb again, Ethereum looks well-positioned to lead the next market surge.
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