Ethereum price prediction: ETH breaks above $3,835 as bullish momentum accelerates
Ethereum climbed above $3,835 on Thursday, posting a 3.5% gain in the latest session as bulls seized control following a decisive breakout from descending trendline resistance. The move follows a steady consolidation phase near the $3,600 support zone and marks Ethereum’s most aggressive upside shift in nearly two weeks.
Highlights
- Ethereum rallies 3.5% to trade near $3,835 after breaking out of descending trendline resistance
- $209 million in net inflows marks strongest daily spot demand for Ethereum in recent weeks
- EMA reclaim and BOS patterns confirm bullish momentum, with $4,000 now in focus
The breakout comes as the asset reclaims key exponential moving averages and receives one of its strongest on-chain inflow signals in recent months, offering fresh confirmation of institutional accumulation.
Technical breakout backed by EMA structure and BOS shifts
On the 4-hour chart, Ethereum has moved cleanly above its 20 EMA ($3,651), 50 EMA ($3,639), and 100 EMA ($3,594), establishing a strong base above prior resistance. The asset is now targeting the $3,950–$4,000 range, where earlier “weak high” price action stalled. Price structure shows multiple break-of-structure patterns forming since early August, a bullish sign that upward displacement is accelerating. The 200 EMA at $3,394 remains untested during the current pullback, reinforcing trend strength from a medium-term perspective.
ETH price dynamics (Source: TradingView)
The RSI has also turned upward, reflecting improving momentum as Ethereum retests prior lower highs. A sustained move above $3,840 could drive further upside toward psychological and technical resistance near $4,000. Failure to hold this level could result in a healthy retest of the $3,690–$3,640 demand cluster, where short-term EMA support is expected to hold.
Institutional inflows confirm breakout strength
Ethereum recorded $209 million in spot net inflow on August 7, its highest daily figure in several weeks. This surge aligns precisely with the breakout from the descending structure and mirrors historical patterns in which inflows above $150 million preceded multi-session rallies. The timing and scale of the netflow suggest renewed interest from institutional desks and whale accounts, indicating confidence in further upside.
In our earlier updates, we flagged Ethereum’s compression above $3,600 and its repeated defenses of the 100 EMA as precursors to a larger move. With that breakout now confirmed and strong inflows supporting the rally, Ethereum appears well-positioned to challenge the $3,950–$4,000 region in the days ahead.
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