Ethereum Eyes $4K? Break Above $2.8K Could Spark Rally - Coincu

Ethereum

Ethereum Eyes $4K？ Break Above $2.8K Could Spark Rally – Coincu

Key Points:

• Ethereum active addresses hit 20M as Layer 2 adoption surges by nearly 75% in a week.
• ETH ETFs see major inflows; BlackRock adds $98M worth of Ethereum to its crypto portfolio.
• Break above $2,800 resistance could push Ethereum toward $4,000 in line with 4-year cycle.

Ethereum (ETH) was trading at $2,433.36 at press time, up 1.18% in the past 24 hours, while down 3.70% over the past week. Analysts are watching closely as ETH approaches the 50-day Exponential Moving Average (EMA), with expectations rising for a possible breakout above the $2,800 resistance level. Such a move could open the door to a run toward the $4,000 mark.

Recent chart patterns show ETH has formed a base in the $2,500–$2,600 range. A daily close above this level could confirm bullish momentum. Historically, ETH rallied strongly after similar setups, including its previous breakout from the $2,100–$2,800 range.

On-Chain Metrics Support Ethereum Price Recovery

On-chain data shows that Ethereums network activity continues to grow. According to @MerlijnTrader, weekly active addresses on Ethereum surpassed 20 million, a new record.

Notably, layer 2 network usage rose 74.6% in the same period, pushing the Layer 2 multiplier to 8.8x. This suggests that ETHs scaling solutions are being widely adopted, reflecting higher demand and broader ecosystem participation.

These metrics align with long-term bullish outlooks, especially as ETH continues to serve as a foundation for decentralized applications and financial infrastructure.

ETF Inflows and Institutional Demand Grow

Institutional interest in ETH also appears to be rising. According to a recent update from @TedPillows, Ethereum-based ETFs recorded $71.3 million in inflows in a single day.

Additionally, BlackRock reportedly added $98 million worth of ETH to its holdings. These developments suggest that large investors are positioning for further gains, especially if technical and on-chain trends continue to align.

This accumulation phase may help stabilize ETHs price and provide support for a larger breakout if key resistance levels are breached.

Ethereums 4-Year Cycle Nears Final Phase

Meanwhile, Ethereum is entering the final phase of its historical 4-year cycle. @Bitcoinsensus noted that ETH has shown a consistent pattern of strong rallies during this phase in previous cycles, such as in 2017 and 2021. Current accumulation, combined with the technical breakout structure forming, indicates that a major move could be approaching.

Traders are watching for a decisive breakout above $2,800, which could open the path to $4,000 and beyond if supported by volume and strong close above key levels.