Ethereum Gains Momentum as Institutional Demand Surges

Key Points

1. Ethereum's price rose to $3,821, marking a 53% increase in the last month.

2. Institutional demand and the growth of altcoins other than Bitcoin have positively influenced Ethereum's price.

3. The revival of decentralized finance (DeFi) platforms and an increase in total value locked (TVL) have boosted Ethereum's demand and price dynamics.

4. Market analysts predict Ethereum could surpass $4,000, potentially reaching up to $5,400, though volatility remains a factor.

5. Ethereum's recent performance has fostered a bullish trend in the crypto market, but short-term price certainty is challenged by volatility.