Ethereum's price has surged to a six-month high of $3,481, marking a 10% increase in 24 hours and 25% over the past week. This rally is attributed to significant ETF inflows totaling $727 million and increased network activity, indicating rising institutional demand. The recent spike in Ethereum's active addresses and daily transaction counts reinforces the vibrant activity on the network. Furthermore, Ethereum’s total value locked (TVL) has reached a three-year high of $78.2 billion, reflecting a 36% increase in just three weeks. A notable indicator, the Relative Strength Index (RSI), flashed a 'buy' signal in April, historically correlated with substantial price rallies, suggesting a potential price target of $7,000 to $10,000 for ETH. Analysts are optimistic, citing that significant institutional interest and ETF investments could propel Ethereum's price even higher this year. However, they urge caution, emphasizing the risks associated with investment in cryptocurrencies.

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