Ethereum (ETH) Reclaims $3,800. Is $4,000 Likely?

Key Points

1. Ethereum (ETH) reclaimed $3,800, reaching an intraday peak of $3,810, and is currently 22.8% below its November 2021 peak of $4,878.

2. Ethereum ETFs recorded $4.1 billion in inflows over the past 10 days, with $533 million in a single day on July 22.

3. Polymarket bettors give ETH a 33% chance of surpassing $4,000, with 89% expecting it to reach this milestone this year and 54% predicting it will exceed $5,000.

4. A whale linked to DeFiance Capital purchased 30,366 ETH (roughly $114 million), and eight new wallets accumulated 583,248 ETH (roughly $2.2 billion) in the past month.

5. There is a 9% chance ETH could reach $10,000 this year, with roughly equal odds of it failing to reach $4,000.