Recently, the Ethereum (ETH) market has been performing exceptionally strong, with prices reaching the 3800 USD mark and hovering in that area. This trend has sparked speculation in the market about a potential new round of pumps that may be on the horizon.

Currently, multiple indicators seem to support this optimistic expectation. First, institutional investors continue to increase their holdings of Ethereum, including financial giants like BlackRock, whose positions have approached nearly $10 billion. This has led to a gradual decrease in market circulation. From a technical analysis perspective, Ethereum has formed a relatively favorable pattern after a rebound from the bottom. If it can break through the key resistance level, it is likely to launch an attack towards the $4000 mark.

On-chain data also shows positive signals. The number of active users is increasing, and large holding addresses are also accumulating coins. At the same time, areas such as decentralized finance (DeFi) and non-fungible tokens (NFT) within the Ethereum ecosystem remain active, providing substantial support for the ETH price.

Some analysts predict that Ethereum is likely to break the $4000 barrier next week. Bolder predictions suggest that before the end of this bull market, the ETH price could even surpass $6000.

However, investors should be aware that the cryptocurrency market is highly volatile, with high returns accompanied by high risks. Before making investment decisions, one should fully assess the risks and conduct comprehensive market research. At the same time, paying attention to macro factors such as Bitcoin liquidity, institutional investor trends, and Federal Reserve policies will also help in better grasping the market direction.