Ethereum (ETH) has officially breached the critical $4,000 resistance level on Binance, marking a significant milestone in its ongoing bull run. With strong technical indicators, record-setting ETF inflows, and robust staking activity, Ethereum (ETH) continues to build momentum as it eyes further price gains. Here’s a breakdown of what’s driving ETH's bullish trajectory and what investors can expect next.Key Price Milestones and Technical OutlookCurrent Price (Binance): $4,016Resistance Levels: $4,050 and $4,120Support Zones: $3,905 and $3,770Ethereum's (ETH) move above $4,000 has been fueled by strong technical indicators, including a recent golden cross where the 50-day SMA crossed above the 200-day SMA. Historically, golden crosses have preceded significant price rallies, further solidifying the bullish sentiment surrounding ETH.The 4-hour chart highlights a rising channel pattern, with RSI stabilizing at 61, indicating healthy momentum. The next key resistance sits at $4,050, with a potential path toward $4,120 as upward momentum builds.Institutional Inflows Signal Growing ConfidenceEthereum’s (ETH) bullish breakout comes on the back of unprecedented inflows into U.S.-listed spot Ether ETFs. Over the past two weeks, these ETFs have accumulated over $1.3 billion in investments, with $432 million recorded in a single day on December 5.Top ETF Inflows on December 5:BlackRock iShares Ethereum Trust: $296 millionFidelity Ethereum Fund: $114 millionGrayscale Ethereum Mini Trust: $30 millionThe sustained inflows underscore rising institutional interest, driven by Ethereum’s critical role in DeFi, staking, and the broader blockchain ecosystem.Staking Activity and Whale AccumulationEthereum’s (ETH) staking activity has surged alongside its price. In just two days, over 113,000 ETH were added to staking protocols, reflecting increased investor confidence in long-term holding. Additionally, whale activity has intensified, with large holders increasing their holdings by 7% over the past fortnight.Exchange reserves have declined by 2%, dropping from 10.79 million ETH to 10.57 million ETH. This combination of whale accumulation and reduced exchange liquidity often signals further upward price pressure, as supply diminishes while demand grows.Impact of Bitcoin’s $100K MilestoneBitcoin’s (BTC) rise to $100,000 has bolstered market sentiment across the crypto space, driving renewed interest in altcoins like Ethereum. With President-elect Donald Trump signaling pro-crypto policies and appointing crypto-friendly figures like Paul Atkins to head the SEC, the market is witnessing a surge of institutional interest.Ethereum, often regarded as the second-best digital asset after Bitcoin, has capitalized on this momentum. Its versatility in DeFi and staking positions it as a key player in the evolving financial ecosystem, drawing investors seeking diversification beyond Bitcoin.Golden Cross and Technical StrengthEthereum’s first golden cross of 2024 adds a layer of technical validation to its bullish trend. The last time ETH experienced a golden cross, in November 2023, the price surged from $1,900 to over $4,000 within a few months. With Ethereum already above $4,000, this pattern suggests further upward potential as market conditions remain favorable.What’s Next for Ethereum?Ethereum’s current trajectory indicates a strong possibility of further gains. The next critical resistance levels are at $4,050 and $4,120, while support at $3,905 and $3,770 provides a safety net against short-term retracements. Sustained ETF inflows, rising staking activity, and whale accumulation suggest that Ethereum’s rally is far from over.Analysts anticipate that Ethereum could soon test its all-time high of $4,891, achieved in November 2021. With Bitcoin’s milestone boosting overall market sentiment, Ethereum is poised to benefit from the broader crypto rally.Ethereum’s rise above $4,000 marks a pivotal moment in its 2024 bull run, driven by institutional demand, strong technical indicators, and increasing staking activity. While volatility remains a factor, Ethereum’s fundamentals and market dynamics suggest a promising path toward higher price levels, with $4,050 and beyond in its sights.Related News:Ethereum Ecosystem Tokens Surge, DYDX Rises Over 26% in 24 HoursUpcoming CPI Inflation Report May Impact Federal Reserve's 2025 Rate ForecastRetail Investors Return to Market as Long-Tail Asset Liquidity Increases