Ethereum (ETH) is once again proving its strength. The price is holding above $4,200 with bulls firmly in control. Growing demand for spot ETFs, strong technical indicators, and shifting market dynamics suggest that Ethereum could soon break out toward $4,800 – just a step away from its all-time high.
🔹 1. ETF inflows remain strong
Institutional investors continue to bet on Ethereum. Net inflows into U.S. spot ETFs are rising, confirming long-term interest from major players. In August, these inflows reached billions of dollars, providing the market with solid foundations for further expansion.
🔹 2. Technical analysis supports a push toward $4,800
Ethereum recently closed the week at a four-year high, holding firmly in the $4,450–$4,550 zone. If this level holds as support, bulls have a clear path toward the $4,700–$4,800 range, just below the previous all-time high of $4,878. The first major support remains in the $4,000–$4,150 range.
🔹 3. Ethereum is gaining momentum over Bitcoin
Bitcoin dominance is gradually declining as capital shifts toward altcoins. The ETH/BTC ratio has reached yearly highs, signaling that Ethereum is taking the lead in the market. This trend is further supported by strong ETF demand and growing investor confidence.
Short-term outlook
If Ethereum maintains support in the $4,450–$4,550 area and ETF inflows continue, a move toward $4,800 looks very realistic. On the other hand, a daily close below $4,150 could trigger a short-term correction and a return to lower levels.
One thing is clear – Ethereum is once again showing that it is one of the strongest players in the market, and its growth momentum may be far from over.
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