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#ETH Hits 4800# #ETH#
Ethereum recently smashed through the $3,500 resistance, thanks to a powerful short squeeze and institutional buying. Spot ETH ETFs have attracted a record single-day inflow of ~$727M, with BlackRock's ETHA leading ($547M), pushing cumulative inflows past $7B—and $5.5B+ since mid‑April. On‑chain data shows falling exchange reserves and rising open interest, signaling accumulation. Technically, RSI has crossed 50 and MACD turned positive, pointing to the next breakout zone at $3,700–3,800. If it holds strong above that, $4,000 becomes likely—setting up for a potential run toward $4,800 in the coming months.