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Key Takeaways
ETH’s price has slipped below $4,500 but remains in a bullish setup.
Spot Ethereum ETFs recorded over $1 billion in inflows last week.
ETH’s price could climb as high as $7,175, provided ETF inflows continue.
Last week, Ethereum’s (ETH) price looked ready to break toward $5,000. But as the new month begins, the cryptocurrency has slipped back below $4,500.
Interestingly, the picture is very different for Ethereum’s exchange-traded fund (ETF), which recorded notable inflows last week.
This divergence between ETH’s price action and ETF demand has left many traders asking the same question: what’s next for Ethereum?
Here’s what could lie ahead.
Ethereum Trend Shows Recovery
On the 4-hour chart, Ethereum’s price has formed a falling wedge despite its recent decline, typically a bullish reversal pattern. The Chaikin Money Flow (CMF) has climbed above the zero line supporting this setup.
The rise in the CMF reading indicates rising buying pressure. If sustained, this means that the recent pullback could be short-lived.
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Although ETH slipped below the 20-period Exponential Moving Average (EMA), the chart shows the price is flirting with this level again, hinting at a possible retest of the upper level resistance.
As seen below, if this trend holds, ETH’s price will likely retest the Point of Interest (POI) at $4,657.
Apart from the technical setup, ETF flows also strengthen Ethereum’s outlook. Between August 25 and August 29 (ET), spot Ethereum ETFs recorded a net inflow of $1.08 billion, with BlackRock’s ETHA contributing $968 million alone.
Such heavy inflows suggest that institutional demand for Ethereum is accelerating, even as the spot price struggles. This capital injection could anchor liquidity, reduce selling pressure, and support higher valuations.
If these inflows persist, they could eventually translate into price appreciation, as demand from traditional finance continues to absorb available supply.
Interestingly, the story doesn’t end there. CoinShares data reveals that Ethereum dominated institutional inflows in August. The asset recorded $1.4 billion in new investments, nearly double Bitcoin’s $748 million.
“For August, Ethereum has accumulated US$3.95bn in inflows, while Bitcoin recorded outflows of US$301m,” James Butterfill, Head of CoinShares Research revealed.
ETH Price Targets Higher Values
From a technical perspective, Ethereum’s price has formed a bull flag, a continuation pattern that often signals the potential for further upside after consolidation.
Supporting this outlook, the Money Flow Index (MFI) has climbed above the neutral 50 level, reflecting renewed buying pressure.
Together, these signals suggest that ETH may be gearing up for another push higher once the consolidation phase ends. In terms of the targets, ETH’s price might retest $4,962.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
