At $4,450 for Ethereum, the next critical test is at $4,800, according to analysts. A clean breakout above this level could initiate a move towards $5,500, and with $6,000 still within reach should whale accumulation and L2 expansion keep momentum going. Technical metrics confirm this positive outlook: ETH still sits comfortably above its 50-day moving average, while the relative strength index has room to move further higher before overbought levels set in.
Institutional demand is a further tailwind. Spot ETH products have kept recording robust inflows, demonstrating that institutional investors are progressively viewing Ethereum as a long-term holding instead of purely a speculative bet. Coupled with whale activity on-chain, this adds strength to the argument that ETH will move higher to year-end.