Ethereum Breaks $4K as ETF Flows Surge, Eyes $20K-$40K Rally
Ethereum has broken out of a four-year consolidation, topping $4,000 as spot ETH ETFs attracted a record $1.02 billion in institutional inflows on August 11. The ETF-driven supply tightening confirmed an ascending triangle bullish breakout above $2,000 and $2,800 resistances.
Chart analysts forecast a rally from $4,000 to $20,000-$40,000, with extended targets near $51,000 based on historical multipliers. Deep-pocket positioning, not retail buying, fueled the move. If Bitcoin holds recent highs, capital rotation may spark a broader altcoin rally led by Ethereum. Traders should track on-chain metrics and ETF flows; a sustained close above $4,000 could pave the way for new multi-year highs.
Bullish
Ethereum’s first major breakout in four years, driven by $1.02 billion in ETF inflows, confirms strong bullish momentum. In the short term, ETF-fueled supply tightening and technical breakout above $4,000 can propel price toward intermediate levels at $20,000-$40,000.
Over the long term, sustained institutional demand, the ascending-triangle pattern and potential capital rotation from Bitcoin support a continued uptrend and the possibility of new multi-year highs near $51,000. Traders should watch on-chain metrics and ETF flows for confirmation of this bullish trend.