Ethereum price has recorded a sustained bull run in the past month. BlackRock leads in aggressive accumulation of ETH, resulting in a deflationary digital asset. Sui (SUI) and Cardano (ADA) are top altcoins to monitor for an Altseason indicator. Ethereum (ETH) price has entered a key resistance range between $4,100 and $3,900, which has resulted in multi-week choppy markets since March 2024. The large-cap top-tier altcoin, with a market valuation of $469 billion, has set a new local high each week for the past five weeks. This has turned more crypto users bullish on the midterm perspective. The altcoin season index from Coinglass has also signaled an opportunity ahead for the wider market, a sentiment fueled by robust on-chain data. Source: CoinGlass (adsbygoogle = window.adsbygoogle || []).push({}); ETH/USD Analysis By Dan Gambardello According to crypto analyst Dan Gamberdello, the ETH price has led the wider altcoin market in recording a macro higher high and higher low. According to Dan, a potential mid-term pullback cannot be fully ruled out amid the macro bull market. As for ETH/USDT pairs, Dan stated the altcoin could retest … The post Billions in Institutional Money Bets Ethereum to Break $4,000 This Time appeared first on Coin Edition .
