Ethereum has bounced back from its $3,800 support level, buoyed by significant institutional inflows and a reduction in exchange reserves. Currently, over 35.7 million ETH is staked, while the Grayscale Ethereum Mini Trust ETF has attracted $1.54 billion in net inflows, enhancing investor confidence. Exchange reserves have dropped to a multi-year low of 15.6 million ETH, setting the stage for potential price increases. Analysts suggest Ethereum could surge towards $8,000, driven by low supply growth and high staking participation.