ETH Price Analysis: Bullish Factors Point Toward Re-test of $4,100 Target

Key Takeaways:

Spot ETH ETF net inflows totalled $861.3 million over the last two weeks.
Total ETH staked and accumulated reach all-time highs.
ETH price could rally toward a technical target of $4,100 if key resistance holds.

Ether’s (ETH) price recently peaked at around $2,880, a four-month high, before correcting to currently trading near $2,550.

Technical analysts highlight a critical resistance level around $2,800. Sources state a decisive close above this has the potential to trigger significant upward momentum.

“Ethereum price action is compressing right below this big $2.8K level,” stated crypto analyst Daan Crypto Trades on X. “If we see a convincing break above $2.8K and hold there, that would be a good setup for a move to the cycle highs around $4K.”

Analyst Jelle concurred, observing, “Generally speaking, these structures only end in one way; a strong and violent move.”

ETH/USD two-day chart — *ETH/USD price chart showing compression below $2,800 resistance. Source: Daan Crypto Trade*

Persistent Spot ETF Inflows Support ETH Bull Case

Significant inflows into spot Ethereum exchange-traded funds (ETFs) are viewed as a key positive factor.

Despite breaking an almost two-week inflow streak, a three-consecutive-day rebound saw substantial net flows. Cumulative inflows across the past two weeks reached $861.3 million, Farside Investors data shows, representing the strongest flow period since January 2025.

Spot Ethereum ETF flows — *Spot Ethereum ETF inflows reach record levels over the past two weeks. Source: Farside Investors*

The continued investment from traditional finance players underscores growing confidence, even amidst global geopolitical uncertainty.

All-Time Highs in Staked ETH and Accumulation Metrics

Fundamentals also show strength. The total amount of ETH staked increased significantly between June 1 and 15, surpassing previous records. This points towards improved network security and reduced liquid ETH supply.

OnChainSchool from CryptoQuant noted accumulation addresses (accounts with no selling history) reached an all-time high, holding 22.8 million ETH valued at approximately $58 billion.

ETH: Total value staked — *All-time high ETH staking levels. Source: CryptoQuant*

“These two metrics combined position Ethereum as one of the strongest crypto assets in terms of long-term fundamentals and investor conviction,” the analyst added.

ETH Needs Break Above Key Trendline for Sustained Rally

Daily chart analysis shows ETH struggling between the 200-day simple moving average (SMA) at $2,600 (acting as resistance) and the 50-day SMA at $2,450 (support).

A successful break above the $2,600 level would open doors toward the $3,000 milestone and further.

Coin Telegraph Markets Pro/TradingView technical analysis points to a forming bull flag pattern, with potential upside if confirmed.

ETH/USD daily chart — *ETH faces crucial resistance around the 200-day SMA. Source: Cointelegraph/TradingView*

This potential breakout structure shares similarities with Bitcoin’s performance after breaking its 200-day SMA late last year, which preceded its $4,100 ascent.

Contents

ETH Price Analysis: Bullish Factors Point Toward Re-test of $4,100 Target Persistent Spot ETF Inflows Support ETH Bull Case All-Time Highs in Staked ETH and Accumulation Metrics ETH Needs Break Above Key Trendline for Sustained Rally

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