Important takeouts:
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Eth Price Bull Flag is featured on the weekly chart and targets $10,000.
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The Ether ETF recorded a two-day inflow totaling $674 million.
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Since April 1, strategic etheric reserves and ETF holdings have increased by 250%.
Ether (ETH) prices printed bull flag patterns on weekly charts. This is a technology chart formation related to strong bullish momentum following an upward breakout.
Will this technical setup, coupled with a revival of institutional demand, be able to mark the start of the assembly at a new history high?
Ether’s Price Bull Flag targets $10,500
ETH pricing technology shows that it can gain momentum if it breaks from the bull flag pattern on the weekly candle chart.
The Bull Flag Pattern is a bullish setup that forms after prices rise sharply and then consolidates within downhill ranges.
Related: ETH is down as encryption, stock is correct, but a $547 million spot ETF inflow shows cradfi positioning
Bull flags usually resolve after prices exceed the top trendline and rise as much as the previous upward trend. This will bring the top price target for ether to $10,533, up 145% from the current price.
The daily RSI moves above the midline of 61, suggesting that macro setup still prefers the benefits.
To ensure a sustained recovery, the ETH/USD pair must first overcome resistance at the flag’s upper limit of $4,500.
Several analysts claim that the card includes growth to $10,000 in ether, citing increased network flow, persistent spot ETF flow, and bullish on-chain metrics.
“The Ethereum season is inevitable,” said pseudonymous technology analyst EthernasyOnal, who added in X’s Wednesday post:
$ETH entered the third major market cycle, maintaining the historic circulation structure on the road at $10,000. ”
A recent X analysis by Trader Gerre suggested that strong foundations and ether from that many moon megaphones were placed on the road to $10,000.
Spot Ethereum ETF inflow returns
ETH’s Bull Run potential has been supported by a sustained capital flow to the US-based Ethereum Etchereum Excherned-Traded Funds (ETFs) since becoming positive on Monday.
These investment products have collected a total of $674 million net inflows over the past two days, following a spill over the past week.
This shows the institutional demand for a revival that had previously driven price increases.
“The Ethereum ETF has brought $127,500,000 over the last 24 hours, two days after an aggressive influx into the ETF,” analyst Crypto Gucci said in the X-Post, adding:
“Smart Money continues to accumulate ETH.”
Data from Strategyethreserve.xyz shows that collective holdings of strategic reserves and ETFs have skyrocketed 250% since April 1, reaching 12.15 million ETH as of Tuesday.
This increase emphasizes the steady integration of ether supply in the hands of major institutional and corporate players.
As reported by Cointelegraph, ETH has gained traction as a strategic reserve asset due to its ability to generate revenue through staking, provide practical utility, and support a growing ecosystem of tokenized assets.
This article does not include investment advice or recommendations. All investment and trading movements include risk and readers must do their own research when making decisions.