bitcoin
Bitcoin (BITCOIN)
$113,415 0.52%
ethereum
Ethereum (ETHEREUM)
$4,273 2.29%
binancecoin
BNB (BINANCECOIN)
$851.80 2.90%
solana
Solana (SOLANA)
$184.89 2.45%
ripple
XRP (RIPPLE)
$2.91 1.44%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000012 2.18%
pepe
Pepe (PEPE)
$0.000010 2.06%
bonk
Bonk (BONK)
$0.000022 1.56%
bitcoin
Bitcoin (BITCOIN)
$113,415 0.52%
ethereum
Ethereum (ETHEREUM)
$4,273 2.29%
binancecoin
BNB (BINANCECOIN)
$851.80 2.90%
solana
Solana (SOLANA)
$184.89 2.45%
ripple
XRP (RIPPLE)
$2.91 1.44%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000012 2.18%
pepe
Pepe (PEPE)
$0.000010 2.06%
bonk
Bonk (BONK)
$0.000022 1.56%
bitcoin
Bitcoin (BITCOIN)
$113,415 0.52%
ethereum
Ethereum (ETHEREUM)
$4,273 2.29%
binancecoin
BNB (BINANCECOIN)
$851.80 2.90%
solana
Solana (SOLANA)
$184.89 2.45%
ripple
XRP (RIPPLE)
$2.91 1.44%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000012 2.18%
pepe
Pepe (PEPE)
$0.000010 2.06%
bonk
Bonk (BONK)
$0.000022 1.56%
Disclosure
Cryptocurrency trading is speculative and your capital is at risk when you trade. We may earn affiliate commissions from some of the products on this page - at no extra cost to you.
Ethereum Price Prediction: ETH Could Soon Hit $4800 Amid Rising Institutional Demand

Highlights:

  • Ethereum is trading sideways after failing at $4366.8 resistance
  • Dashed hopes of a September rate cut driving weakness at the resistance
  • Rising institutional demand could reignite momentum, pushing Ether to $4800

Ethereum (ETH) is slightly in the green today, reflecting the minor rebound across the cryptocurrency market. At the time of going to press, Ethereum was trading at $4281.83, up by 1.42% in the day. Ethereum trading volumes are down in the day, an indicator that even though the price is making a slight comeback, buyers are yet keen on taking positions. This is understandable considering that the Fed Minutes for July, released on August 20, pointed to a Federal Reserve that is more keen on inflation, as the tariff impact continues to materialize.

Advertisement

Banner

Investors Focus on Ethereum Adoption as Rate Cut Hopes Diminish

As such, the hopes that a rate cut could be coming in September have diminished significantly. Given that risk-on assets tend to do well when rates are low, investors are waiting to see how other metrics, such as adoption, could help sustain the momentum in the cryptocurrency market. This metric also explains why Ethereum appears to be gaining momentum faster than other altcoins after the Fed minutes release. That’s because there is real and growing adoption for Ethereum by both retail and institutional money.

Institutional Inflows Into Ethereum ETFs Rising

Institutional money is particularly keen on Ethereum and has been piling money into Ethereum ETFs recently. Most recent data for Ethereum ETFs shows that in the last 7 days, Ethereum ETFs recorded an impressive $1.6 billion in inflows, outpacing Bitcoin. This points to a trend where not only is institutional money increasingly bullish on Ethereum, but it also sees it as a better hold than Bitcoin. With expectations high that the SEC could approve Ethereum staking ETFs this year, the odds are high that Ethereum ETFs will continue to log in strong inflows from institutional investors.

More Companies Building Ethereum Treasuries

Besides the growing demand for Ethereum ETFs, companies are also increasingly gravitating towards the idea of creating Ethereum treasuries. SharpLink Gaming recently increased its Ethereum holdings by buying Ethereum worth $667 million. This puts them among the largest corporate holders of Ethereum in the world.

Many other companies are also building Ethereum treasuries. There is also the fact that individual whales are accumulating Ethereum. On-chain data shows that a whale converted 400 Bitcoin to Ethereum. All these points point to big money players betting on Ethereum, and this could keep pushing the price higher going into the future.

Market Analysts Bullish On Ethereum

Market analysts are also increasingly optimistic about Ethereum. Many analysts are in consensus that Ethereum faces stiff resistance at $4300. They are also in agreement that if the $4300 resistance is broken, a rally to the all-time high of $4800 could follow. With the price starting to move towards $4300, FOMO could be built up in anticipation of a breakout to $4800. As such, regardless of the uncertainty around interest rates, Ethereum is likely to see increasing demand going forward.

Technical Analysis – Ethereum Bulls Falter at Critical Resistance

Ethereum had a strong rally on August 20 that saw it rally from $4071.8. However, Ethereum has today hit strong resistance at $4366.8. If bear strength increases now that the $4366.8 resistance has held, then Ethereum could drop back to $4071.8 in the short term.

ETH
Source: TradingView

On the other hand, if bulls are strong enough to push Ethereum through the $4366.8 resistance, then a rally to $4800 could follow. With the rising adoption of Ethereum by institutional money, a breakout to $4800 is more likely in the short term.

eToro Platform

Best Crypto Exchange

  • Over 90 top cryptos to trade
  • Regulated by top-tier entities
  • User-friendly trading app
  • 30+ million users
9.9

5 Stars

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.

Advertisement

Banner

Advertisement

Banner

Advertisement

Banner