Ethereum is nearing its 2021 all-time high of $4,864, currently trading between $4,700 and $4,800. This rise is fueled by over $11 billion in institutional inflows into spot Ethereum ETFs this year and expectations of Federal Reserve rate cuts in 2025. These developments are reducing Ethereum's circulating supply and increasing investor risk appetite. Analysts indicate that a sustained close above $5,000 could trigger renewed price discovery and heightened interest in Ethereum and other altcoins. The technical outlook shows Ethereum approaching its previous peak, with key support levels at $2,851 and $2,168. Institutional adoption and favorable macroeconomic conditions are pivotal in driving this upward trend, with further growth anticipated.