Ethereum (ETH) is gaining momentum as it approaches its previous all-time high, driven by increased institutional interest and noteworthy investments flowing into spot Ethereum exchange-traded funds (ETFs) in the U.S.
Recently, Ethereum ETFs witnessed a massive inflow of $729.1 million in just one day, marking it as the second-largest single-day influx since their inception. Prominent funds like BlackRock’s ETHA brought in $500.9 million, while Fidelity’s FETH contributed $154.7 million. Collectively, these funds have garnered over $2.3 billion in just six days, pushing ETH’s value beyond the $4,900 mark.
Standard Chartered has updated its year-end price expectation for ETH from $4,000 to an impressive $7,500. This adjustment comes as a result of the substantial ETF purchases, robust institutional investment, and improving foundational elements within the Ethereum network. Since June, ETFs have captured 3.9% of Ethereum’s total circulating supply, outpacing advances made by corporate treasuries.
Institutional Enthusiasm Fuels Ethereum’s Prospects
As Ethereum hovers around $4,730—just 2.5% shy of its historical peak—significant players, known as “whales,” are making impactful decisions. A prominent investor recently acquired 379,000 ETH valued at $1.8 billion within a mere ten days, while another whale made a $70 million re-entry into the market after previously liquidating assets.
While some large transactions suggest profit-taking, especially from early ICO participants and notable cases like the Radiant Capital hacker, the overarching trend of strategic accumulation is a positive signal regarding Ethereum’s future potential.
On-chain analytics reveal considerable withdrawals from key exchanges, diminishing short-term selling pressure and lending credence to bullish forecasts.
Key Price Levels for Ethereum: What to Monitor
ETH is approaching critical resistance around $4,800, which analysts refer to as the “final boss.” A convincing weekly close above this threshold could set off a price discovery phase towards $5,200 and even $6,400, as predicted by various technical analyses.
Conversely, if ETH fails to maintain levels above $4,630, it might face an 18% correction toward the support area of $3,760.
Factors such as growing institutional adoption, clearer regulatory guidelines from the U.S. GENIUS Act, and vibrant stablecoin activity—primarily utilizing Ethereum’s network—are bolstering its attractiveness as an investment asset.
With Standard Chartered forecasting an ambitious $25,000 target for 2028, analysts recommend considering $4,700 as a strategic entry opportunity for those looking to capitalize on Ethereum’s pivotal role in the evolution of blockchain-integrated financial systems.
Cover image sourced from ChatGPT, ETHUSD data obtained from TradingView.
