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Ethereum has surged past $3,400, marking its highest level since mid-January and sparking discussions of an altcoin season. The rally comes as ETH outperforms Bitcoin, with institutional interest and ETF inflows driving momentum. Analysts suggest this could be the start of a broader crypto market upswing.
- Ethereum’s price surged 9% in 24 hours, crossing $3,400 for the first time since January, while outperforming Bitcoin with a 150% gain since April.
- Institutional interest is growing, with US-listed Ethereum ETFs attracting $726M in inflows and companies like Sharplink Gaming adding ETH to their treasuries.
- Analysts predict ETH could hit $4,000–$5,000 by year-end, with Consensys forecasting a long-term target of $15,800 by 2028.
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