Ethereum is trading around $4,312, holding firm on rising inflows and ETF strength. These Ethereum-backed exchange-traded products have garnered institutional investment of over $3.9 billion, which, in turn, has suffered a diversion of net outflows from Bitcoin. The flow divergence may indicate a change in sentiment, with ETH now at the favored side technically and fundamentally.
Analysts say the price structure of Ethereum shows strong signs of accumulation. RSI is trending upward; the MACD is also positive, and a bullish triple bottom has been formed on the support of $4,250. If ETH breaks the $4,500 mark on high volume, it may see its momentum pick up rapidly. Chartists currently say that a $6,000 target is definitely within reach, and with all this institutional momentum, $8,000 looks even more plausible.