Ethereum News Today: Ethereum Nears $4,000 as ETF Inflows and Low Exchange Supply Signal Bullish Momentum

Ethereum is drawing near a critical price threshold as it inches closer to the $4,000 level, a psychological marker that has historically posed strong resistance. As of July 29, 2025, ETH traded at $3,877 after bouncing off the $3,500 support level and reaching a yearly high of $3,940 [1]. Analysts, including Michaël van de Poppe, emphasize that the current price movement signals bullish momentum but also warns of potential exhaustion in the rally [1]. The technical charts suggest liquidity has already been absorbed at prior highs, and Ethereum is entering a “target zone” where price action is likely to stall or reverse [1].

On-chain data further supports the narrative, as Ethereum’s circulating supply on exchanges is at a 9-year low, reinforcing the case for a potential move toward $4,000 [3]. Simultaneously, the growing institutional interest in Ethereum has driven inflows into Ether-based ETFs, shifting capital away from Bitcoin and into altcoins, a sign of a broader altseason [2]. This shift is also reflected in the broader altcoin market, where tokens like Dogecoin and Injective (INJ) are showing early signs of recovery [2].

However, the road to $4,000 is not without risks. The RSI indicator suggests that Ethereum is nearing overbought territory, raising the likelihood of a near-term reversal [1]. Analysts are closely monitoring the coming days to see whether ETH can successfully break through the $4,000 resistance or face a sharp correction once it is rejected [1]. A closing above that level would be seen as a strong bullish confirmation, potentially unlocking further gains.

The broader market is also navigating a period of heightened volatility, driven by macroeconomic factors such as the upcoming US employment data, a Fed rate decision, and the White House’s anticipated crypto report. Additionally, the August 1 EU tariff deadline tied to potential Trump policies could influence risk appetite and, in turn, impact digital asset prices [4].

While some analysts, like Colin Talks Crypto, have speculated that Ethereum could reach as high as $15,000–$20,000 during the current bull cycle, such projections remain speculative and contingent on broader market dynamics [5]. For now, the focus remains on Ethereum’s ability to maintain key support levels and sustain momentum amid a shifting macroeconomic landscape [1].

Source:

[1] AInvest, [https://www.ainvest.com/news/ethereum-news-today-ethereum-2-5-4-000-resistance-battle-etf-inflows-hit-9-33-billion-2507/](https://www.ainvest.com/news/ethereum-news-today-ethereum-2-5-4-000-resistance-battle-etf-inflows-hit-9-33-billion-2507/)

[2] CoinJournal, [https://coinjournal.net/news/altcoins-update-dogecoin-and-injective-signal-recoveries-as-ethereum-eyes-4000/](https://coinjournal.net/news/altcoins-update-dogecoin-and-injective-signal-recoveries-as-ethereum-eyes-4000/)

[3] CFGI.io, [https://cfgi.io/near-fear-greed-index/](https://cfgi.io/near-fear-greed-index/)

[4] Crypto Adventure, [https://cryptoadventure.com/bitcoin-zooms-to-120k-eth-nears-4k-as-trumps-eu-tariff-deal-lifts-risk-sentiment](https://cryptoadventure.com/bitcoin-zooms-to-120k-eth-nears-4k-as-trumps-eu-tariff-deal-lifts-risk-sentiment)

[5] Colin Talks Crypto, [https://twitter.com/ColinTCrypto/status/168369157****289152](https://twitter.com/ColinTCrypto/status/168369157****289152)