Chiara Bianchi
Ethereum’s price has been on a steady rebound, trimming losses from earlier in the week. ETH is currently trading around $4,645, up an impressive 235% from its yearly low. Analysts believe this consolidation could be temporary, with bullish signals pointing toward a potential rally to $5,500.
Tom Lee, a well-known Wall Street strategist and crypto supporter, argues that Ethereum’s current pause is simply a breather before another leg higher. In a recent interview, he highlighted that open interest, ETF inflows, and whale accumulation are key drivers of this bullish momentum.
Institutional demand continues to strengthen. On Tuesday, spot ETH ETFs added $455 million in inflows, surpassing Monday’s $443 million. Over the past four days, these funds have attracted more than $1.3 billion, bringing total cumulative inflows to a staggering $13 billion. This rapid pace suggests that traditional investors are increasingly bullish on Ethereum.
Corporations and Whales Accelerate Ethereum Accumulation
Institutional and corporate players are also betting big on ETH.
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BitMine currently holds 1.53 million ETH worth $7 billion, and the company is raising another $20 billion to expand its position.
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SharpLink owns 740,760 ETH, valued at $3.2 billion.
Together, major firms now hold over 3.37 million ETH tokens, reflecting growing long-term conviction.
Meanwhile, whales are aggressively entering the market. One prominent whale recently purchased $164 million worth of ETH, signaling expectations of stronger bullish momentum ahead.
Futures Market Signals: Open Interest Keeps Rising
Derivative data supports this optimistic outlook. According to CoinGlass, Ethereum futures open interest climbed to $63.7 billion, up from $62 billion earlier in the week. Rising open interest, alongside reduced liquidations and a positive funding rate, reinforces the case for continued upward movement.
Ethereum Technical Outlook: Bullish Patterns Point Higher
From a technical perspective, Ethereum has been in a strong uptrend since its April low of $1,382. Recently, ETH broke above the $4,097 resistance level, which had previously formed a triple-top pattern. This breakout, followed by a successful retest, confirms bullish momentum.
ETH is now forming a bullish pennant pattern, which historically precedes further gains. The token remains above all major moving averages and is approaching the Murrey Math resistance level at $6,250.
Ethereum Price Forecast
The most likely scenario favors a continued rally toward $6,250, representing a potential 37% upside from current levels. However, if ETH drops below the critical support at $4,097, the bullish outlook would be invalidated and signal more downside risk.
