Ethereum has been recovering with a run back towards the $4,000 price level, largely on the back of massive institutional investment into spot Ethereum ETFs. This rising demand should highlight the ever-growing confidence in Ethereum’s long-term potential, and how it will continue to be foundational to the digital asset ecosystem.
Ethereum trade price as of 7/26 is $3,745. The crypto now has a key resistance line to break at $4,100.
Indeed, Ethereum has seen massive ETF inflows, bringing in $5.1 billion for the month. Such a jump is evidence of robust institutional demand and favorable market conditions. The asset has now seen 11 straight weeks of net positive ETF flows, signalling the persistent interest from investors.
Ethereum’s bullish outlook is supported by technical analysis. This has led to the creation of an inverse head-and-shoulders pattern on the weekly chart and a possible bullish trajectory. Asking price The $4,100 level serves as the neckline for this formation. A strong breakout above this resistance from the late summer could ignite a resilient bullish run.
Esteemed analyst Scott Melker has made headlines this week by doubling down on a $4,000 Ethereum price prediction. He noted ETF-driven demand is a major catalyst for Ethereum’s breakthrough through this threshold.
Ethereum’s intrinsic value comes from its strong ecosystem and varied applications. The blockchain is home to more than $7 billion of real-world asset tokenization. This further demonstrates the continued utility and rising adoption of the IT across local, state, and federal government sectors.
Ethereum has held its ground above its 50-week Exponential Moving Average. This further confirms its underlying strength.
The Relative Strength Index (RSI) is nearing overbought conditions at 70. While this signals strong near-term momentum overall, it signals some caution as the asset might be due for a short-term pullback.
