The Ethereum price prediction suggests that ETH may soon test the $4,000 mark as institutional inflows into Ethereum-based ETFs surge. According to SoSoValue, spot Ethereum ETFs gained over $114 million in inflows last week, outperforming Bitcoin funds, which saw significant outflows. Since launch, these funds have attracted over $14.3 billion, with BlackRock’s ETHA alone holding $15 billion in assets.
Technical indicators indicate that ETH is developing a bullish flag, which is a pattern that is likely to be followed by powerful breakouts. A possible upward shift to $4,000 will be witnessed in case Ethereum finishes the day above the current level of $3,950 on the daily chart. On-chain action is also strong, and increasing gas costs show that there is a re-emerging interest in the worlds of decentralized finance (DeFi) and non-fungible tokens (NFTs).
Nevertheless, volume has decreased a bit, implying that traders are holding on to a noticeable breakout. Experts note that Ethereum’s consistent performance, even during market pullbacks, reinforces its reputation as the best long-term crypto investment and a top crypto to buy now for institutional portfolios.