Ethereum price headed for $4K showdown: Is this time different?

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.