1. What is driving the recent rise in Ethereum Price?
The recent rise in Ethereum Price is mainly driven by renewed ETF inflows, positive sentiment following Bitcoin’s rally, and strong network upgrades like Dencun and Pectra that improved scalability and reduced fees.
2. Why is the $3,700 level important for Ethereum?
The $3,700 mark is a key resistance level. A daily close above this level could confirm a bullish breakout toward $4,000, while repeated rejections may signal a potential market trap.
3. How are Ethereum ETFs affecting the market?
Ethereum ETFs have become a major source of price momentum. Consistent inflows indicate growing investor confidence and can push prices higher, while flat or negative inflows often lead to short-term weakness.
4. What role do the Dencun and Pectra upgrades play?
The Dencun upgrade introduced cheaper data storage through EIP-4844, while Pectra improved validator performance and usability. Together, they strengthen Ethereum’s infrastructure for long-term growth.
5. Could Ethereum still fall despite strong fundamentals?
Yes. Even with strong fundamentals, Ethereum’s price can fall if ETF inflows slow down, market sentiment turns risk-averse, or traders trigger sell-offs near major resistance levels.