Ethereum (ETH) appears poised for a significant price move. After a week of consolidation around the $2,600 mark, several strong signals are emerging that could push the asset up by 55% — toward the psychological threshold of $4,000.
🔹 Technical Setup: Bull Flag and Golden Cross
On the daily chart, ETH is forming a classic bull flag — a continuation pattern that often leads to strong upward breakouts. The flagpole, defined by the rally from $1,800 to $2,788, gives a theoretical price target of $3,715, assuming a breakout above the $2,780 resistance.
In addition, Ethereum has printed a golden cross, where the 50-day moving average has crossed above the 200-day average — a historically bullish signal indicating rising buying momentum.
🔹 Key Levels to Watch
✔️ First resistance: $3,000
✔️ Mid-level target: $3,500
✔️ Bullish target: $4,000
❌ Invalidation: drop below $2,350
Whales Including Buterin and BlackRock Are Buying ETH
The market is showing clear signs of growing institutional and insider confidence. Vitalik Buterin, Ethereum's co-founder, reportedly purchased 296 ETH worth around $783,000, and later moved over $2 million in ETH and USDC to Railgun, an on-chain privacy protocol.
Institutions are also entering:
🔹 BlackRock reportedly sold over $90 million worth of Bitcoin and redirected $68 million into Ethereum — suggesting they expect ETH to outperform BTC in the near term.
🔹 Abraxas Capital, a hedge fund focused on digital assets, moved $36.4 million worth of ETH off Binance into cold storage — a classic sign of long-term holding strategy.
ETH ETFs Are Seeing a Surge in Inflows
One of the biggest bullish catalysts is the wave of capital flowing into Ethereum ETFs. According to SoSoValue:
🔹 May 16: +$41.49 million
🔹 Following week: +$248 million
🔹 Third week: +$285 million
🔹 Current week: +$244 million
While Bitcoin ETFs are seeing slowing inflows — and even outflows of $157 million last week — Ethereum is quickly becoming the institutional darling.
Summary
Ethereum is holding steady in a tight range this week, but emerging bullish patterns, whale accumulation, and growing ETF inflows suggest a rally could be just around the corner. If ETH breaks past the key $3,000 level, a move toward $4,000 — its previous double-top — may be on the horizon.
#Ethereum , #ETH , #CryptoAnalysis , #CryptoMarket , #bullish
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