Ethereum's $4,500 rally is growing amid robust ETF demand and on-chain activity.
Ethereum (ETH) is poised for further gains, likely heading towards $4,500 (approximately KRW 66.25 million) in the coming weeks, fueled by institutional inflows and record-high on-chain activity. Its recent price of $3,310 (approximately KRW 48.75 million) represents an 11% increase year-to-date.
Big money poured into ETFs, bringing in 647 billion won in four days.
Unusual institutional buying of Ethereum spot exchange-traded funds (ETFs) is fueling expectations of a rally. According to data from Farside Investors, US-based spot Ethereum ETFs have seen a total inflow of $474.6 million (approximately KRW 699 billion) over the past four trading days. Last Wednesday, a single-day inflow of $175.1 million (approximately KRW 257.7 billion) hit a record high since 2026.
Capriole Investments, which tracks institutional investment indicators, reported that the average daily net institutional buying volume, including ETFs and digital asset trusts (DATs), reached 6,964 ETH. However, some Ethereum treasury companies are still experiencing declining trading volume, leading analysts to believe that a certain level of institutional demand is necessary for the upward trend to continue. For example, Bitmine, led by Wall Street strategist Tom Lee, has been steadily increasing its ETH holdings.
On-chain metrics also hit all-time highs, with trading volume and active addresses soaring.
On-chain activity on the Ethereum network is also showing a marked uptick. According to Nansen, the number of daily active addresses on Ethereum has increased by 53% over the past 30 days, reaching approximately 990,000 as of Thursday. This marks the highest level since September 13, 2023, a 28-month period. At that time, the number reached 1.09 million, setting the second-highest record ever.
The number of transactions has also reached an all-time high. According to data from DefiLlama, the number of daily transactions reached 2.9 million as of Friday. Market analysis YouTuber CryptoRover commented, "Ethereum's transaction volume is exploding," and FenoXBT emphasized, "This is what true scalability looks like," noting that gas fees remain below $0.01 (about 15 won) even with over 2.6 million daily transactions.
Technical Analysis: "ETH's Breakout Above $4,500 Valid"
Ethereum is currently trading around $3,300 (approximately KRW 48.61 million), up 7.3% over the past seven days. Many technical analysts believe there's ample room for further upside as long as the current price range of $3,050-$3,170 (approximately KRW 44.92-46.71 million) remains a strong demand support zone.
Trader Coinvo Trading analyzed that the weekly closing price formed above the 50-week exponential moving average (EMA), suggesting that "the bullish structure remains valid, and ETH is expected to rise further." Cryptorover noted that Ethereum is showing strong price rebound signals after breaking out of a symmetrical triangle pattern on the daily chart, and suggested an upside target of $5,500 (approximately KRW 80.98 million) based on Fibonacci retracement analysis.
"ETH Spring": Institutional Demand and On-Chain Power Unite
Ethereum is gaining momentum from various factors, including ETF inflows, improving on-chain indicators, and a bullish technical structure. However, the sustainability of the short-term rally will depend on the sustainability of institutional demand and external market variables. Experts predict that if the price breaks through and stabilizes at the "psychological resistance level" of $4,000 (approximately 58.9 million won), stronger momentum will continue.
💡 ETF inflows and on-chain growth surge? "You have to understand the structure beyond the numbers to see the real deal."
While the inflow of funds from Ethereum's ETFs and surge in trading volume are certainly positive signs, TokenPost Academy emphasizes that "a keen eye for data" is key to moving ahead of institutions.
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This article was summarized using a TokenPost.ai-based language model. Key points in the text may be omitted or inaccurate.
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