Due to inflows of ETFs and growing on-chain activity, Ethereum remains a target of institutions. Analysts observed that Ethereum market structure resembles a 2021 trend that had seen the cryptocurrency reach its previous record high.
Ethereum flag pattern observed on the weekly chart indicates a calculated move to $6,000-$6,900 range, should ETH stay supported above $4,200.
Market strategist Titan of Crypto noted a rally could be confirmed with a decisive close above $4,750. Institutional funds have been accumulating consistently, and whale wallets have been holding close to 840,000 ETH in recent weeks. This new demand has aided in strengthening price stability in the face of widespread market volatility.
Analyst Cas Abbé added that Ethereum’s recent breakout and retest around $4,100–$4,200 signal a healthy setup before a potential push to $5,500–$6,000 by year-end.