Ethereum Price Surge to $4K Expected as Long-Term Holders Buy In

Ethereum price could reach $4K as long-term holders like BitMine continue to accumulate, supported by bullish technical signals.

Ethereum’s price is expected to rise to $4,000, according to expert predictions. This forecast is backed by the coin’s solid technicals and ongoing accumulation by major holders like BitMine.

Despite market volatility, the continued support from long-term investors has created optimism around Ethereum’s future price movement.

Ethereum Bullish Technical Indicators

Ethereum has remained above an important ascending trendline that has held steady since May. This trendline connects the lowest levels of Ethereum’s price in June, November, and December.

Many analysts see this as a sign that Ethereum is poised to continue its upward movement in the near term.

Additionally, Ethereum’s chart shows a bullish divergence pattern, which is commonly associated with price reversals.

The MACD (Moving Average Convergence Divergence) indicator is nearing the zero line, while the RSI (Relative Strength Index) is rising above the neutral point.

These indicators suggest that Ethereum is gaining strength, which could push its price higher toward the $4,000 target.

However, there are risks to this outlook. If Ethereum falls below the ascending trendline, it could confirm a bearish scenario, leading to further declines.

A drop below the trendline may push Ethereum’s price closer to $2,500, signaling a shift in sentiment.

BitMine and Long-Term Holders Driving Accumulation

One key factor supporting Ethereum price forecast is the continued accumulation by BitMine and other long-term holders.

BitMine has increased its holdings by over 384,000 ETH in the last 30 days, bringing its total holdings to 4.1 million ETH, worth $12.2 billion.

This makes BitMine the largest Ethereum holder in the industry, a sign of confidence in Ethereum’s future.

Tom Lee, a well-known analyst, has predicted that Ethereum could reach over $7,000 by 2026, especially as it becomes a key player in the real-world asset tokenization space.

As Ethereum continues to gain market share in this sector, the potential for significant price appreciation remains high.

Long-term holders have also been accumulating Ethereum, with addresses holding over 1,000 ETH now controlling 70% of the total supply.

These investors have added 120,000 ETH since December 26, further indicating that smart money is betting on Ethereum’s long-term success.

Related Reading: Arthur Hayes Purchases $4M in DeFi Tokens After Ethereum Sell-Off

ETF Inflows Signal Positive Sentiment for Ethereum

Ethereum’s price could also benefit from the recent improvement in ETF inflows. This week, Ethereum ETFs saw $58 million in inflows, a positive shift from the previous week’s $102 million in outflows.

This marks a significant improvement from the $643 million in outflows during a previous period, indicating renewed interest from institutional investors.

The rebound in ETF inflows suggests that investor sentiment is improving, particularly as long-term holders continue to accumulate.

The fading outflows from Ethereum ETFs could further support the bullish outlook for Ethereum’s price. As more institutional capital flows into Ethereum, its price is likely to receive additional upward momentum.

With strong technical indicators, growing accumulation by major holders, and positive ETF inflows, Ethereum is well-positioned to reach the $4,000 target in the near future.

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