Ethereum $5000 Countdown: Institutions Frenzied Buying, Witnessing New Highs in Three Months?
In the past 30 days, Ethereum has surged like it's on adrenaline, confidently rising 50%, now firmly sitting at around 4,330.
On the chart, all moving averages are in bullish alignment, MACD continues to rise, the trend is as strong as a speeding bullet train, but RSI is already approaching overbought territory, so a short-term breather may be needed.
The resistance wall is clear: 4,500–4,730, once broken, 4,903 will be the next beacon; support is at 4,163, with critical defense lines at 3,760 and 3,340.
In the short term, it may consolidate and build strength in the 4,000–4,300 range before continuing to push for new highs.
The fundamentals are even more supportive:
ETF inflows on August 8 reached $461 million in a single day, setting a historical record.
In the past 10 days, net inflows exceeded $4.1 billion, with institutional holdings already accounting for 1.6% of the total supply, and corporate treasury allocations accelerating.
On-chain activity is equally impressive: 24-hour trading volume is $44.8 billion, accounting for nearly 9% of market cap, staking ratio approaching 30%, and validators surpassing 1.04 million.
All of this seems to be rolling out the red carpet for the $5000 milestone. In the next three months, the climax of the story depends on whether you are already on board?
