Ethereum price prediction: ETH breaks $4,397 as ETF inflows and technical breakout fuel momentum

Traders Union
All News
Crypto News
Ethereum ETF inflows

Highlights

- Ethereum traded at $4,397 on Thursday, breaking out of a falling wedge above $4,280 resistance.

- ETF inflows surged $674M in two days, with $127.5M added in the last 24 hours, driving demand.

- Futures open interest rose 7.2% to $58.56B while $129M in shorts were liquidated as price rallied.

ETH price dynamics (Source: TradingView)

The move places ETH above all major moving averages, with the 20-day EMA crossing the 50-day EMA to confirm short-term bullish alignment. The Relative Strength Index climbed to 74, signaling overbought conditions, though momentum remains strong. Immediate support rests at $4,210–$4,235, while resistance lies between $4,450 and $4,500, followed by $4,650 if momentum accelerates.

Derivatives data shows traders pressing longs

Derivatives activity underscored the strength of the rally. Futures open interest climbed 7.2 percent to $58.56 billion, while daily trading volume rose 34 percent to $89.98 billion. Options trading also surged 71 percent in volume, pointing to traders positioning for higher volatility.

Long and short ratios leaned heavily bullish across major exchanges. Binance showed ratios between 1.7 and 1.9, with top trader positioning above 2.1. The imbalance has already squeezed shorts, with $129 million liquidated in the past 24 hours. Funding rates remain positive but moderate, suggesting strong demand for longs without extreme leverage risk.

ETF inflows reassert institutional demand

A major driver behind Ethereum’s surge has been renewed appetite through U.S. spot ETFs. After a week of steady outflows, the past two days recorded $674 million in net inflows, including $127.5 million in the last 24 hours. These inflows represent direct demand for spot ETH and reinforce Ethereum’s role as a core institutional asset alongside Bitcoin.

The timing of this inflow reversal, combined with a clean breakout on the charts, provides Ethereum with a dual tailwind: structural demand from institutions and bullish confirmation on technicals.

Outlook

Ethereum’s near-term outlook remains constructive if support holds above $4,280. A sustained close above $4,400 would confirm momentum toward $4,500 and $4,650, with $4,800 the next medium-term target. Failure to hold the breakout zone risks a pullback to $4,210–$4,235, with the 100-day EMA providing deeper defense.

Previously, we noted Ethereum’s resilience around the $4,000 band, supported by exchange outflows and institutional positioning. The latest surge, powered by ETF inflows and technical confirmation, validates that narrative and shifts focus toward whether ETH can sustain trade above $4,400 to retest September’s highs.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.