Ethereum Nears $4,000 Resistance Amid Rising ETF Inflows and Network Activity, Bull Flag Targets $5,000

Key Points

1. Spot Ethereum ETFs in the US have seen record inflows, including a single-day injection of $727 million and total net inflows surpassing $9.33 billion since July 2024.

2. Corporate treasuries are accumulating ETH, with holdings now at 2.33 million ETH, nearly 2% of the total supply.

3. Ethereum's network activity is robust, with daily transactions up 73% over three months and active addresses hitting a 12-month peak of 670,000.

4. The total value locked (TVL) in Ethereum-based DeFi protocols has reached $86 billion, the highest since 2022, capturing 61% of the DeFi market share.

5. A bull flag pattern on the ETH/USD chart suggests a potential price target of $5,000, supported by technical indicators like the RSI.