Ethereum’s $4.4K support remains strong: Is ETH on track to $15K?

Key takeaways

Ethereum is seeing large institutional inflows, with ETFs pulling in $241 million final week regardless of a worth dip. Consultants now predict ETH may hit as much as $15K if momentum continues.

Ethereum [ETH] is drawing massive cash once more.

With ETF inflows topping 649,000 ETH final week, establishments are coming in whilst costs cool off from current highs. The query now could be whether or not that is recent conviction, or the beginning of profit-taking.

Establishments are shopping for

Ethereum ETFs saw a record $241 million in internet inflows final week — roughly 649,000 ETH. That is their strongest week since launch.

Supply: X

Regardless of the value cooling off from $4.74K to round $4.5K, flows stayed firmly positive. This dip is a shopping for alternative, not a purpose to retreat.

Supply: Glassnode

Knowledge from Glassnode confirmed a pointy uptick in demand simply as costs pulled again, whereas Ethereum continues to steer L1s in person exercise and worth locked.

Right now’s ETF flows will reveal whether or not this confidence holds, or if the rally pauses for profit-taking. Both method, Ethereum continues to be the one to look at.

Ethereum finds its assist round $4.4K

Ethereum’s current pullback from $4.74K discovered strong assist close to $4.4K, the place investor exercise spiked.

Based on Glassnode’s cost basis heatmap, this degree noticed robust shopping for curiosity, with a lot of that ETH shortly altering palms at increased costs.

It’s a swing-trade setup, the place consumers step in on the dip, then promote into power.

Supply: Glassnode

This zone now acts as a key assist degree — if costs revisit it, merchants can be watching intently to see if the dip is defended once more. For now, the uptrend stays intact.

Whales put their foot down as consultants eye 15K

At press time, ETH traded close to $4,245. Ethereum’s retreat to $4.2K has cooled momentum; RSI slipped to 57, slightly below the overbought zone, and the MACD confirmed weakening bullish stress.

Supply: TradingView

Nonetheless, dip-buying stays aggressive.

On-chain knowledge flagged Bitmine stacking one other $15 million ETH up to now hour, bringing its whole holdings to $73.2M throughout wallets.

The entity controls over $5 billion ETH already, concentrating on an enormous $25 billion, practically 5% of provide.

Supply: Arkham

Including to this, Fundstrat’s Tom Lee sees ETH reaching $7K by year-end, with upside potential as high as $12K-$15K if momentum strengthens.