Ethereum News Today: Ethereum Surges 5% Eyes $4,800 Breakout After $1 Billion ETF Inflows

Ethereum has surged nearly 5% in recent trading sessions, reclaiming key price levels near $4,200 and pushing above the $4,400 mark [2]. This rebound has sparked renewed bullish sentiment among traders, with many eyeing a potential breakout above the $4,620 resistance zone. A sustained move past this level could position the second-largest cryptocurrency for a challenge at its all-time high of $4,868 [1].

The price action indicates a strong technical setup, with Ethereum currently trading above the 100-hourly Simple Moving Average and forming a bullish trend line with support at $4,400 on the ETH/USD hourly chart [2]. The 23.6% Fibonacci retracement level of the recent upward move has also acted as a key area of consolidation, suggesting that the bulls remain in control of the near-term narrative [2].

Institutional interest has also played a role in ETH’s recent strength. Over the past month, more than $1 billion has flowed into Ethereum-based ETFs, coinciding with a 45% rally in the token’s price. This surge in capital from larger investors highlights growing recognition of Ethereum’s strategic value in the evolving digital asset landscape and could provide further upward impetus if the trend continues [3].

A critical focal point for traders is the $4,800 level, which serves both as a psychological barrier and a historical price point. A sustained move above this level could attract broader market participation and signal the beginning of a more aggressive bull phase [1]. Industry analysts have weighed in on the potential trajectory, with one forecasting that Ethereum could reach $5,400 by September 2024, driven by factors such as network upgrades and increasing adoption [5]. However, these projections remain speculative and subject to market conditions.

Despite the bullish momentum, Ethereum remains in a consolidation phase, with its ability to maintain above key resistance levels determining the next phase of its price action. A breakdown below $4,400 could trigger a retest of the $4,350 and $4,250 support levels, potentially halting the upward trend in the short term [2]. Meanwhile, the technical indicators remain in favor of the bulls, with the hourly MACD gaining bullish momentum and the RSI holding above the 50 level [2].

For now, the market appears to be building confidence, with both retail and institutional investors showing increasing participation. Whether Ethereum can successfully break through the $4,800 threshold and sustain that move will be a key test of its long-term momentum.

[1] https://www.tradingview.com/news/newsbtc:babe93523094b:0-ethereum-powers-up-another-5-eyes-a-big-breakout-at-4-800/

[2] https://www.msn.com/en-in/money/topstories/ethereum-price-nears-4-400-97-of-holders-in-profit-is-the-world-s-second-largest-cryptocurrency-heading-to-7-000/ar-AA1KjCvm

[3] https://coincentral.com/ethereum-eth-price-prediction-institutions-pour-1-billion-into-etfs-as-token-eyes-all-time-highs/

[4] https://www.mitrade.com/insights/news/live-news/article-3-1034537-20250813

[5] https://coincentral.com/chatgpt-5-predicts-ethereum-to-5400-in-september-time-to-buy-eth/