币界网报道：Ethereum's price surged past $3,500 this week, marking its highest level since April 2025, as analysts highlight key factors driving the breakout. The rally follows increased institutional interest, with BlackRock and Fidelity expanding their ETH-based ETF offerings. On-chain data shows a 40% spike in large wallet transactions (over $1M) in the past seven days, suggesting whale accumulation. Vitalik Buterin's recent blog post outlining Ethereum's roadmap for scaling solutions appears to have boosted market confidence. Technical indicators reveal ETH broke through a critical resistance level at $3,450 that had held since March. The breakout coincides with record-low exchange reserves, with only 12.3M ETH now available on trading platforms - the lowest since 2020. Some traders caution about potential profit-taking near the $3,600 level, where significant sell orders are clustered. Meanwhile, Ethereum network activity remains strong, processing 1.4M daily transactions with average fees stabilizing below $0.50 following recent protocol upgrades.