Ethereum News Today: Ethereum Targeting $4,000 With 8% Upside as Institutional ETF Inflows Outpace Bitcoin by 36%

Galaxy Digital CEO Michael Novogratz has projected that Ethereum (ETH) is poised to break the $4,000 threshold in the near term, a target bolstered by growing institutional interest and favorable on-chain metrics. Novogratz highlighted Ethereum’s tightening supply and strong market momentum as key drivers, emphasizing that a breakout past $4,000 could trigger a phase of price discovery for the asset. At current levels of around $3,641, the $4,000 target represents an 8%+ upside, a move Novogratz described as “destined” to occur within the next few months [1].

Recent data underscores Ethereum’s outperformance relative to Bitcoin (BTC). Over the past 30 days, ETH has surged by more than 36% against BTC, according to TradingView. This trend is supported by institutional accumulation, including BitMine Immersion Technologies’ 566,776 ETH holdings ($2.03 billion) and Sharplink Gaming’s 360,807 ETH ($1.29 billion). Additionally, Ether Machine’s upcoming Nasdaq listing under the ticker “ETHM” will bring over 400,000 ETH ($1.5 billion) into structured market exposure [1].

Ethereum’s ETF inflows have also outpaced Bitcoin’s. Over six consecutive trading days, Ethereum ETFs attracted $2.4 billion in net inflows, dwarfing Bitcoin’s $827 million. BlackRock’s iShares Ethereum ETF (ETHA) dominated this flow, capturing 75% of total inflows with $1.79 billion. ETHA’s rapid ascent to $10 billion in assets under management in 251 trading days further signals institutional confidence [1].

On-chain analysis reinforces Ethereum’s bullish case. CryptoQuant data reveals that the ETH/BTC exchange inflow ratio remains far from historical highs, indicating reduced selling pressure compared to Bitcoin. Meanwhile, the ETF holding ratio for ETH/BTC rose from 0.02 to 0.12, suggesting a shift in investor preference toward Ethereum [1].

Technical indicators highlight critical levels for ETH. Glassnode’s cost basis model identifies $2,100, $2,500, and $3,000 as key support levels, while $4,500 emerges as a major resistance point. A decisive break above $3,860 could accelerate the rally toward $4,000 and beyond [1].

While Novogratz remains bullish on Bitcoin, forecasting a $150,000 target contingent on favorable macroeconomic conditions, he warned of risks tied to potential shifts in U.S. monetary policy. BitMEX co-founder Arthur Hayes took a more aggressive stance, projecting ETH could reach $10,000 by year-end. Conversely, Bitfinex analysts noted Bitcoin’s $136,000 target as a potential overextended level amid market euphoria [1].

The convergence of institutional adoption, ETF momentum, and technical strength positions Ethereum as a leading contender in the current crypto cycle. As the narrative gains traction, ETH’s supply dynamics and ETF-driven demand may solidify its outperformance over Bitcoin in the months ahead [1].

Source: [1] [ETH on Track to Hit $4K And Beat Bitcoin: Galaxy Digital CEO] [https://coinpaper.com/10185/eth-on-track-to-hit-4-k-and-beat-bitcoin-galaxy-digital-ceo]