Ethereum 9.65% Away From Massive 4-Year Breakout $3,500 ETH Before Weekend?

Ethereum has broken through the $2,800 resistance and is now trading above $3,280, nearing a potential breakout from a four-year channel below its all-time high. Analysts predict it may reach $3,500 before the weekend and could soon reclaim the $4,000 level. Institutional investors are showing increased interest, with ETFs experiencing daily inflows averaging $120 million. BlackRock's ETHA index has accumulated over $5 billion in Ethereum. SharpLink Gaming has also significantly increased its Ethereum holdings, becoming the largest corporate holder with nearly $974 million. Transaction activity on the Ethereum network is rising, with over 1.2 million daily transactions, indicating renewed investor engagement. Despite high levels of leveraged short positions, technical analysis suggests a completed Wyckoff accumulation pattern, with targets of $3,454 and $3,757.