Ethereum's current price is around $4,281.63, with a 0.41% increase in the last 24 hours. The cryptocurrency has been showing a strong bullish trend, driven by institutional accumulation, record-setting network utilization, and deep-pocketed investors.

*Key Factors Influencing ETH Price:*
- Institutional Investment: Ethereum Spot ETFs reported a $3.266 billion inflow, indicating growing institutional interest.
- Network Activity: Ethereum's network processed 1.74 million daily transactions on August 5, surpassing 2021's bull market peak.
- Whale Accumulation: Whales and institutions accumulated 1.035 million ETH worth $4.17 billion between July 10 and early August.

*Technical Analysis:*
- Resistance Levels: $4,391 and $4,533 are key resistance levels to watch, with a potential target of $5,000.
- Support Levels: $3,972 and $3,800 are crucial support levels; holding above these levels will determine the bullish trend's sustainability.
- Indicators: RSI is slightly overbought at 70.6, and MACD is bullish, indicating increasing momentum.

*Future Projections:*
- Short-Term: Ethereum could reach $4,533 and potentially $4,712 if the bullish momentum continues.
- Long-Term: Analysts predict Ethereum could reach $7,500 to $10,000 in the coming months, with some projections as high as $16,000. #BTC Back To $120k# #Predict BTC's Bull or Bear Trend#