Ethereum is currently trading in a consolidation phase below the pivotal $4,100 resistance level, with indicators suggesting potential for an imminent breakout. The cryptocurrency has established consistent support between $3,530 and $3,677, buoyed by a long-term bullish pattern indicating sustained upward momentum.
Institutional investors are driving significant supply-side pressure, having acquired approximately 2.83 million ETH. This accumulation outpaces new ETH issuance by over 30 times, creating a pronounced supply squeeze across markets.
Supporting this institutional demand, Ethereum-focused exchange-traded funds (ETFs) have recorded 12 consecutive days of substantial inflows, totaling $296.5 million in recent transactions. The ETF market now commands assets exceeding $18.4 billion, reflecting growing institutional participation.
Market metrics underscore robust activity with a circulating supply near 120.71 million ETH. Ethereum maintains a market capitalization of approximately $438.71 billion alongside vibrant daily trading volumes approaching $45.66 billion.
Technical analyses reveal stabilizing indicators including the Relative Strength Index (RSI), suggesting a consolidation phase preceding renewed price discovery. Market structure reinforces bullish expectations for an eventual climb above $4,100 resistance.