Ethereum is presently on the brink of reaching the $4,000 mark for the fourth time in 2024. A variety of technical indicators support this bullish trend. Additionally, institutional accumulation plays a significant role, particularly via BlackRock’s ETF holdings of over 1 million ETH. This influx of funds from reputable institutions adds credibility and momentum to Ethereum’s pricing structure. Market analysts are closely monitoring these movements, expecting a potential breakthrough soon. As ETH approaches this milestone, traders should stay vigilant to capitalize on forthcoming market shifts.