Ethereum surged to a record high of $3,840 amid strong on-chain metrics and rising institutional inflows, reinforcing bullish sentiment and supporting potential further gains toward $4,100.
Ethereum's price climbed over 3% to $3,840, marking its strongest rally since July 31. Key indicators such as stablecoin supply, transaction volume, and active addresses hit record highs, while the DeFi sector saw total value locked reach $187 billion. Institutional inflows into spot ETH ETFs exceeded $9.2 billion, with BlackRock’s ETHA managing $10.8 billion, and technical analysis suggests further upward momentum.