Road to $4.5K ETH Rally?
Ether (ETH) trades at $3,310, up 11% year-to-date, as renewed ETF buying and record onchain activity put it on track for a return to $4,500 in the next few weeks.
Main Receptors:
Spot Ethereum ETFs recorded $474.6 million in inflows over four days, outpacing new supply on a surge in institutional buying.
Ethereum Network Activity Explodes, Active Addresses Hit 28-Month High
As long as key support levels remain, traders expect ETH to rally to $4,500.
Ethereum ETFs attract nearly 500 million dollars
Ether has recently increased their ETH exposure through spot Ethereum exchange-traded funds (ETFs) which have seen strong interest from institutional investors.
Data from Farside Investors showed that US-based space Ethereum ETFs recorded four consecutive days of inflows totaling $474.6 million.
RELATED: Ether Price vs. Fundamentals May Point to 2026 Opportunity
Wednesday's $175.1 million was the highest since Dec. 9, 2025, and the highest single-day gross of 2026.
Daily institutional buying, including both DATs and ETFs, also added net buying of 6,964 ETH for the day.
Although the monthly and weekly volumes for Ethereum treasury companies are decreasing, there are a few active players, such as Bitmine, led by Wall Street strategist Tom Lee, who continue to increase ETH.
While income streams have attracted attention this week, a return to steady institutional demand is essential for sustained ETH price recovery.
Ethereum Network Activity Is “Exploding”
Ethereum network activity continues to show strength, with active addresses increasing by 53% in the past 30 days, reaching a 28-month high of 995,779 on Thursday, according to Nansen data.
Ethereum Daily Activity Addresses last saw these levels in 2018. By September 13, 2023, the scale had peaked at around 1.09 million – the second highest level in the network's history, before peaking at around 1.4 million in December 2022.
The daily transaction count also reached a record 2.9 million on Friday, according to data from Defilama.
“Daily Ethereum transactions are exploding,” YouTube Cryptorover said on Friday in response to the network's high profile on X's post.
“Ethereum breaks new ATH with 2.6M daily transactions and gas fees are below $0.01!!!” FenoXBT another analyst said,
“True scale looks like this.”
Analysts say the price of Ether is “going up.”
At the time of writing, ETH is at $3,300, up 7.3% over the past seven days.
According to Cointelegraph, holding above the $3,050-3,170 demand zone is crucial for ETH's bullish prospects and sets up a possible rally above $4,000.
The 50-week exponential moving average sits within this zone, and a weekly close above this trendline was necessary to secure the bullish weekly structure, said trader Coinvo Trading.
“Weekly structure remains intact, ETH is higher.”
According to Crypto Rover, ETH is ready to break out as it is showing strength after breaking out of the balanced triangle. According to data from TradingView, the target for this triangle pattern on the daily chart is $4,500.
However, Crypto Rover has shared a chart that indicates an extended rally to $5,500 based on Fibonacci retracement analysis as shown below.
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