Ethereum (ETH) has experienced a remarkable surge, gaining 110% in the last three months, pushing it towards previous highs. This significant bullish trend has fueled speculation about whether the second-largest cryptocurrency could reach the $4000 mark by the end of July. The impressive performance has seen ETH rally by 0.9% daily, 19% weekly, and a substantial 110.1% over the past quarter, according to CoinGecko data.

Key Takeaways

• Ethereum has surged 110% in the past three months.
• A further 7.67% rally could see ETH reach $4000 within the next week.
• Institutional ETF inflows and corporate adoption are primary drivers of ETH's price increase.

Factors Driving Ethereum's Rally

The recent impressive performance of Ethereum is largely attributed to consistent inflows into Ethereum Exchange Traded Funds (ETFs). These institutional products, alongside Bitcoin ETFs, appear to be stimulating a broader market-wide rally. Furthermore, the increasing adoption of cryptocurrencies by corporate treasuries is playing a significant role. Many companies are actively accumulating both Bitcoin and Ethereum, signaling a notable shift in corporate financial strategies.

Since mid-May, ETFs and corporate treasuries have collectively purchased over $10 billion worth of Ethereum. This trend indicates a significant change in perception, with crypto moving from being shunned by mainstream finance to being actively sought after by major corporations.

Outlook for Ethereum

If the current momentum driven by ETF inflows and corporate demand continues, Ethereum's upward trajectory is likely to persist in the coming weeks. Bitwise CIO Matt Hougan expressed optimism, citing a substantial demand shock that could fuel further rallies. However, the market remains subject to potential corrections. Investors might choose to realize profits, or institutional investment pace could slow down, leading to price adjustments. The market's movement over the next week will be crucial in determining the short-term future of ETH's price.

Sources:

• Ethereum Up 110% In 3 Months: How Likely Is $4000 In July?
• Bitwise CIO on Ether’s ‘Demand Shock’: Why ETH’s Rally Has Staying Power
• Ethereum ETF Inflows Hit $7.7B as Treasury Firms Accelerate Accumulation
• Crypto stocks jump as ether scales six-month high
• Ethereum Price Blasts Past $3,450 as ETF Demand and Treasury Buying Accelerate

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