Ethereum has decisively broken through the $4,113 resistance level, signaling a medium-term bullish trajectory. Technical analysis projects a potential upside target near $6,766.93, supported by robust market structure strength.
This price surge coincides with significant institutional activity. Ethereum ETFs attracted $402.5 million in net inflows on a single trading day, with BlackRock’s ETHA ETF dominating the market by capturing 98% of that total. Aggregate ETF assets have subsequently risen to $18.37 billion.
Concurrently, major investors exhibited strong confidence through substantial accumulation. Whale transactions included a notable $50 million ETH purchase. Large transactions exceeding $100,000 collectively surpassed $18 billion in volume within a 24-hour period.
Technical indicators reflect intense momentum despite short-term conditions. The Relative Strength Index (RSI) reached 85.36, signaling potential overbought territory. However, bullish divergence in the Moving Average Convergence Divergence (MACD) reinforces the continued upward trend.
The convergence of structural ETF demand, heavy whale accumulation, and constructive technical patterns positions Ethereum for sustained movement toward its $6,700 technical target window. This breakout underscores robust institutional and high-net-worth investor participation driving market momentum.