Ethereum Eyes Potential Breakout Above $3,980 Amid Historic ETF Inflows and Bullish Momentum

Key Points

1. Ethereum's weekly close above $2,800 signals a shift in the macro trend, with the ETH/USDT pair now trading above $3,000, indicating potential for a rally toward $3,980.

2. Unprecedented ETF inflows are driving Ethereum's price surge, providing liquidity and validating the technical breakout, which historically leads to further appreciation.

3. A confirmed breakout above $3,980 could unlock a new price range between $4,600 and $5,400, aligning with historical breakout patterns.

4. Ethereum's daily trading volume has surged past $50 billion, with the asset gaining over 9% in the last 24 hours and nearly 24% over the past week, reinforcing the bullish outlook.

5. Maintaining support above the $2,700–$2,800 zone is crucial for Ethereum to preserve its upward momentum and avoid potential retracements.