Ether sets highest weekly close in 4 years: Watch these ETH price levels

Ether just flexed its muscles with a weekly close at $4,475, marking its highest since November 2021. This isn't just a number—it's a statement, especially after breaking through the $4,000 resistance that's been a tough nut to crack since 2021.

The rally's got a name: ETF-driven. BlackRock's ETHA is leading the charge, holding a whopping 58.03% of all Ethereum ETFs with 3,490,450 ETH in its vaults. That's not just dominance; that's BlackRock setting the pace for Ethereum's price action.

Inflows into ETH investment products hit $2.9 billion last week, showing institutional appetite is anything but waning. Meanwhile, corporate treasuries are stacking ETH like there's no tomorrow, with 69 entities holding $17.3 billion worth.

Network activity? Through the roof. A record 1.74 million daily transactions on Aug. 5, thanks to stablecoins, DeFi, and layer 2 growth. Ethereum isn't just surviving; it's thriving.

Now, the levels to watch: $4,100 to $4,000 is the new support playground, with $4,150 being the line in the sand. A weekly close below this could see ETH testing $3,650–$3,750. But hold above $4,550? That's your ticket to $5,000–$5,800 town.

Disclaimer: This isn't financial advice. DYOR before diving into the ETH wave.