Ethereum price headed for $4K showdown: Is this time different?
Main Idea
Ethereum's price is poised for a potential breakout above $4,000, driven by bullish technicals, record ETF inflows, strong network activity, and increasing institutional demand.
Key Points
1. Record-breaking Ethereum ETF inflows, including a single-day high of $727 million and cumulative net inflows exceeding $9.33 billion since July 2024, are fueling demand.
2. Corporate treasury adoption of ETH is rising, with companies like BitMine Immersion Technologies acquiring $2 billion worth of ETH, making it the largest corporate holder.
3. Ethereum's network activity shows strength, with daily transactions up 73% to 1.62 million and active addresses reaching a 12-month high of 670,000.
4. Total value locked (TVL) in Ethereum's DeFi protocols has surged to $86 billion, the highest since 2022, capturing 61% of the market share.
5. ETH's price chart shows a bull flag breakout targeting $5,000, supported by reduced exchange balances (15.6 million ETH, the lowest since 2017) and strong technical indicators.
Description
Ether is showing renewed strength as rising demand, high network activity, and bullish technicals align to support ETH’s push above $4,000.
Latest News
- Crypto on deck? Interactive Brokers explores stablecoin launch2025-07-28 22:55:13
- Trump’s Truth Social Bitcoin ETF among multiple crypto funds delayed by SEC2025-07-28 22:43:01
- ETH traders predict lower support retest before breakout to $4K2025-07-28 22:03:00
- Anti-CBDC bill could curb Fed’s power over digital dollar, sponsor says2025-07-28 21:50:33
- PayPal launches crypto checkout tool, adds support for over 100 tokens2025-07-28 19:37:52