Ethereum (ETH) has shown strong performance recently, with its price soaring over 20% in the past week, currently hovering around $3,767. This rise has sparked enthusiastic discussions in the market about whether ETH can break through the psychological barrier of $4,000.

From a technical analysis perspective, Ethereum has successfully broken through several key resistance levels and received strong support at important support levels. This price movement lays the foundation for further rise. Market analysts generally hold an optimistic attitude, with experts like Mark Newton from Fundstrat predicting that ETH is expected to break through $4,000 by the end of this month and may reach a target price of $4,320 thereafter.

A key factor driving the rise in Ethereum prices is unprecedented institutional demand. Since the end of June, the inflow of funds into ETH spot ETFs has exceeded $4 billion, indicating strong interest from institutional investors in Ethereum. On July 24 alone, the inflow into the ETF reached as high as $231 million, highlighting market enthusiasm.

It is particularly noteworthy that ETH-related products launched by some large asset management companies have been favored by investors. For example, the single-day inflow of an ETH fund under a well-known asset management company reached 426 million USD, pushing its managed assets to surpass the 10 billion USD mark. This not only reflects institutional investors' confidence in Ethereum but also provides strong support for the ETH price.

With institutional funds continuously pouring in and favorable technical signals, Ethereum is expected to challenge the important price level of $4,000 in the short term. However, investors should also be aware that the high volatility of the cryptocurrency market may pose potential risks. When making investment decisions, it is essential to fully consider market uncertainties and conduct a comprehensive risk assessment.