Technical and on-chain indicators suggest Ethereum (ETH) could surge over 40% toward $5,324 if bullish market conditions persist. This projection is reinforced by three key factors: long-term holder consolidation, aggressive institutional accumulation, and strengthening performance against Bitcoin.
Ethereum’s Age Consumed metric recorded a dramatic 98% decline within a two-week period, signaling that long-term holders are refraining from selling during recent price appreciation. Such inactivity historically reduces selling pressure and supports upward price momentum.
Institutional entities continue accumulating ETH, with SharpLink Gaming emerging as a notable participant. Public disclosures reveal the firm now holds Ethereum assets valued at approximately $1.22 billion, reflecting growing corporate confidence in the cryptocurrency’s outlook.
The ETH/BTC ratio has climbed 50% since June, reclaiming ground against the leading cryptocurrency. This pattern provided a reliable precursor before Ethereum’s previous all-time high achievement, suggesting potential for significant upside.
Market structure highlights $4,402 as a critical resistance level. A decisive breakout above this threshold could catalyze the projected rally toward the $5,324 target. Conversely, traders are monitoring $3,128 as a key support floor; any sustained breach would invalidate the current bullish thesis.