Ethereum Price has been on a bullish streak, climbing above $3,790 as on-chain data continues to signal strength. Analysts believe that before hitting a fresh all-time high, ETH might see another 40% rally, fueled by strong accumulation from institutions and growing ETF inflows.
According to a report by BeInCrypto, Ethereum’s rally is underpinned by a significant increase in demand from whales and major entities, including SharpLink Gaming, which recently added 19,084 ETH worth $67.5M to its reserves. This bullish activity, highlighted in a tweet by Onchain Lens, shows that large players are preparing for a potential breakout.
Key On-Chain Data Driving Ethereum Price
The accumulation trend of Ethereum Price is accelerating, with 345,158 ETH now held by SharpLink Gaming’s strategy reserve, valued at over $1.22 billion. This massive accumulation adds weight to bullish sentiment, signaling that smart money is betting on further upside.
Technical analysis also suggests that Ethereum’s price action is approaching a breakout zone. The next key resistance lies near $3,900 – $4,000, and a clean move above could open doors to a target range between $5,000 and $5,200 in the medium term.
Why Analysts Expect a 40% Ethereum Price Rally
The key ratio that analysts are watching is the MVRV (Market Value to Realized Value), which currently indicates that Ethereum Price remains undervalued compared to historical peaks. A 40% rally would align ETH closer to fair value based on past cycles, suggesting that this move is not only possible but probable if current momentum holds.
Moreover, the Ethereum ETF inflows recently hit record highs, adding more fuel to the narrative that institutional demand is driving this uptrend. The combination of ETF adoption, strong network activity, and increasing daily active addresses points to a healthy, sustainable rally.
Ethereum Price – Short-Term Scenarios
Looking at the chart, Ethereum Price has key support levels near $3,600 and $3,450.
Source: Trading View
If bulls defend these zones, ETH could push toward $4,000 in the coming weeks. However, any failure to hold above $3,500 might lead to short-term pullbacks toward $3,200 before resuming the uptrend.
Final Thoughts: Is a New Ethereum High Coming Soon?
Ethereum Price is showing all the right signals for a continued bull run, but traders should watch the $4,000 resistance closely. A decisive breakout could put ETH on track for new all-time highs by Q4 2025, while the ongoing whale accumulation and ETF inflows remain strong bullish catalysts.
