Ethereum (ETH) Price Today: Ethereum Nears $4,400 as Bullish Chart Patterns Signal New Record Highs Ahead

Ethereum (ETH) is holding firm above the $4,300 mark today, edging closer to the $4,400 resistance level as renewed institutional inflows, bullish technical indicators, and surging demand in Asian markets fuel optimism.

Analysts say the combination of market momentum and global adoption could push Ethereum toward its all-time high — and possibly beyond.

Ethereum Technical Setup Signals Possible $5,000 Breakout

Ethereum is hovering near $4,360 at press time, with strong support anchored around $3,909. A clean break above the immediate $4,430 resistance could pave the way for a retest of $4,827 — the current all-time high. Surpassing that level may open the door to the much-anticipated $5,000 milestone.

Ethereum’s RSI trendline has accurately predicted past tops, signaling a possible local peak between $4,800 and $5,000 in the current rally. Source: @Zynweb3 via X

Crypto analyst @Zynweb3 observed, “This RSI trendline has perfectly marked ETH tops. This time, ETH could top around $4.8K–$5K.”Likewise, trader @ali_charts noted, “Clearing $4,300 could send Ethereum straight toward $5,241, according to the Pricing Bands.”

ETH Price Rises on Strong Institutional and Retail Demand

Ethereum’s rally over the past week has been remarkable, climbing nearly 18% and triggering $184 million in short liquidations within 24 hours, according to data from Brave New Coin. Futures open interest has surged to $51.6 billion, a 10% daily increase, signaling strong trader conviction that the rally has room to run.

Clearing the $4,300 resistance could propel Ethereum (ETH) toward $5,241, according to Pricing Bands analysis. Source: Ali via X

Institutional interest is also accelerating. Data from SosoValue shows Ethereum-backed exchange-traded products (ETPs) attracted $326.8 million in net inflows between August 4–8. This capital influx adds stability to the market and underlines the growing role of professional investors in ETH’s price trajectory.

Thomas Lee, Chairman of Bitmine — now the largest Ethereum treasury holder with over 1.15 million ETH (worth approximately $4.96 billion) — stated, “We are well on our way to achieving our goal of acquiring and staking 5% of the overall ETH supply.” Such long-term accumulation strategies from major players are reinforcing market confidence.

Asian Markets Push Ethereum to New Highs

Ethereum has already broken records in Japan and South Korea. In Japan, ETH hit 639,455 yen, surpassing its previous all-time high from December 2024, while South Korean prices topped 5.97 million won. Notably, these highs occurred despite the yen and won appreciating against the U.S. dollar — an unusual dynamic that points to genuine local demand.

Ethereum (ETH) has been trading at around $4,320, up 2.14% in the last 24 hours at press time. Source: Ethereum Liquid Index (ELX) via Brave New Coin

Market watchers attribute the spike to growing institutional adoption in Asia, alongside favorable global policy shifts such as the recent U.S. executive order allowing cryptocurrencies in 401(k) retirement plans.

Layer 2 and Ecosystem Growth

Ethereum’s Layer 2 networks — including Arbitrum, Optimism, and zkSync — continue to see rising total value locked (TVL) and transaction volumes. This expansion strengthens Ethereum’s position in decentralized finance (DeFi) and provides long-term scalability advantages.

Growing validator rewards and improved gas fee efficiency following upgrades are also enhancing the network’s appeal for both developers and stakers.

Fundamental Catalysts Ahead

Beyond price action, Ethereum’s fundamentals remain robust. The staking ratio continues to rise, with validator rewards offering steady income to long-term holders. Layer 2 adoption, NFT resurgence, and the expanding ERC-20 ecosystem all contribute to ETH’s growing use cases.

BlackRock’s massive $12 billion Ethereum buy signals growing institutional confidence—are you holding enough ETH? Source: @TedPillows via X

Adding to the bullish outlook, major institutional players are significantly increasing their Ethereum exposure. As noted by crypto analyst Ted (@TedPillows), “BlackRock bought $12,065,478,744 worth of $ETH. You might want to check how much Ethereum you’re holding. Don’t be left underexposed.” This massive accumulation by one of the world’s largest asset managers underscores growing confidence in Ethereum’s long-term potential.

Global policy changes, such as expanding retirement fund access to cryptocurrencies in the U.S. and corporate treasury diversification into ETH, may further amplify demand. The combination of macroeconomic support and ongoing ecosystem growth could provide a solid foundation for a sustained uptrend in Ethereum’s price.

Ethereum Nears Critical Resistance—Breakout or Pullback Ahead?

While short-term volatility remains possible, the technical and fundamental setup still leans bullish. A decisive move above the $4,430 level could open the path toward the $5,000 milestone — and potentially even the $7,000 target some analysts are now eyeing for this cycle.

Ethereum consolidates above key support, building momentum toward $5,000 with potential to reach $7,000 this cycle. Source: Richtv_official on TradingView

For now, Ethereum’s rally is being fueled by a rare trifecta: accelerating institutional inflows, robust retail participation, and surging on-chain activity. Historically, this combination has marked the early stages of major crypto bull runs — and ETH’s current momentum suggests history may be repeating.