Ethereum Don Pass $4K As ETF Flow Dem Surge, E Dey Eye $20K-$40K Rally
Ethereum don break out from four-year consolidation, don climb pass $4,000 as spot ETH ETFs attract record $1.02 billion institutional inflows for August 11. The ETF-driven supply tightness confirm ascending triangle bullish breakout pass $2,000 and $2,800 resistances. Chart analysts dey forecast rally from $4,000 go $20,000-$40,000, with extended targets near $51,000 based on historical multipliers. Deep-pocket positions, no be retail buying, fuel the move. If Bitcoin hold recent highs, capital rotation fit spark wider altcoin rally wey Ethereum go lead. Traders suppose dey track on-chain metrics and ETF flows; sustained close pass $4,000 fit pave way for new multi-year highs.
Bullish
Ethereum first big breakout for four years, na pushed by $1.02 billion ETF inflows, dey confirm strong bullish momentum. For short term, the ETF-driven supply tightness plus technical breakout pass $4,000 fit push price go intermediate level wey be $20,000-$40,000.
For long term, sustainable institutional demand, the ascending-triangle pattern and possible capital rotation from Bitcoin dey support continuous uptrend plus the chance of new multi-year highs near $51,000. Traders suppose dey watch on-chain metrics plus ETF flows for confirmation of this bullish trend.