Ethereum Breaks Above $4K as Analysts Eye 2021 High of $4,892

Ethereum nears 2021 all-time high with less than 5% gap after breaking $4,000 resistance.

Institutional ETF inflows of $2.5B–$3B weekly drive demand amid record staked ETH levels.

Exchange supply hits nine-year low, tightening availability and reinforcing upward price momentum.

Ethereum (ETH) is trading near its 2021 all-time high after breaking a multi-year price range between $2,800 and $4,000. The cryptocurrency recently crossed the $4,000–$4,100 zone, which several analysts view as a key bullish threshold for further upward movement. The market structure remains upward, supported by strong demand and trading volumes.

Price Performance and Technical Position

According to an observation by Daan Crypto Trades via X, ETH spent much of this cycle consolidating before its breakout last week. The weekly chart shows ETH reaching $4,652.07, with resistance levels near $4,089.93 and support between $2,108.82 and $2,250.00

Price has maintained higher highs and higher lows, indicating sustained upward momentum. CoinMarketCap data shows ETH’s market capitalization at $561.54 billion, with a 24-hour trading volume of $72.03 billion

Source: CoinMarketCap

Over the past month, ETH has gained 47.68%, climbing from around $2,973 in mid-July to current levels. This movement included periods of consolidation followed by renewed rallies. The current resistance level remains the 2021 all-time high of $4,864.11, with less than 5% needed to reach it.

Institutional Activity and Market Drivers

According to BitBull, ETH has seen $2.5 billion to $3 billion in weekly ETF inflows and more than $20 billion in corporate buying plans through Q4. Exchange supply is at a nine-year low, while staked ETH has reached record levels. This has reduced circulating availability and supported price stability.

Source: BitBull(X)

ETF inflows, including activity in BlackRock’s ETHA fund, are also adding structural demand. Institutional accumulation, combined with Ethereum’s leadership in DeFi, stablecoins, and real-world asset tokenization, has strengthened its market position

Institutional allocations are meeting finite supply, creating a strong foundation for price movement. The next technical target remains the $4,892 all-time high. Analysts indicate that a breakout above this level could open the path to new record prices in the current cycle.

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