Ethereum Price Prediction – $4000 A Key Short-Term Target Even as Price Consolidates

Highlights:

• Ethereum is currently trading between $3843.5 and $3517.4 
• Institutional demand makes a rally through $3843.5 resistance plausible
• Rally likely to push Ethereum to $4000 short term

Ethereum (ETH) is little changed today, on a day when many of the top 100 altcoins are down by double digits. When going to press, Ethereum was trading at $3637.25, down by a negligible 1.56%. However, this slight correction in the price of Ethereum has been followed by an increase in trading volumes. 

Ethereum’s 24-hour trading volumes are up by 15% to stand at $42.57 billion. This indicates that short-term holders, especially leveraged traders, could be liquidating their positions. This could be out of fear that today’s selloff in the broader market could soon impact the Ethereum price. However, besides these intraday price movements, the odds overall favour Ethereum bulls. 

ETH Price Rises as Demand for Ethereum ETFs Grows Stronger

One factor that makes Ethereum a good hold is that institutional demand for Ethereum is rising. This is most evident in Ethereum ETFs, which continue to record strong inflows despite the correction in the broader altcoin market.

Data shows that as of yesterday, July 23, the first anniversary of Ethereum ETFs, total inflows stood at $8.69 billion. This brings the total assets under management to $16.6 billion across the different funds offering Ethereum ETFs. This is an indicator that institutions are increasingly adopting Ethereum ETFs. With Ethereum staking ETFs soon to be a thing, the inflows are likely to be stronger due to adding a yield aspect to the ETFs. The result could be an exponential surge in demand that could push the Ethereum price to new highs. 

Urgent: Wall Street is going All In on $ETH ETFs.

Over $4B in inflows. BlackRock alone dropped $426M in a day.
Ethereum’s daily issuance? Only ~80K ETH.
ETFs are absorbing 58x the new supply.

We’ve seen this movie before. Supply shock incoming.

Check Comment, Full Video. pic.twitter.com/Ge8K7YUsgn

— Jessica Gonzales (@lil_disruptor) July 23, 2025

Ethereum Institutional Treasuries Gaining Traction

Corporations are also increasingly building up Ethereum reserves. For instance, BitMine Immersion had previously allocated $250 million to Ethereum. They have since surpassed that figure by a considerable margin and now hold over $1 billion worth of Ethereum. Many other big names in the tech space, such as GameSquare and SharpLink Gaming, now have over $100 million in Ethereum reserves.

SHARPLINK GAMING BOUGHT ANOTHER $100M ETH

SharpLink Gaming wallets saw inflows of $115M ETH in the past 12 hours. They now hold $1.3 BILLION.

Will they ever stop buying? pic.twitter.com/aTnnzBcxmx

— Arkham (@arkham) July 18, 2025

As the number of institutions creating Ethereum reserves grows, the amount of Ethereum available for trading on exchanges will decline. The result is that Ethereum’s demand and supply dynamics will favour a price spike in the short to medium term. It is one of the factors that could see Ethereum rally to $10k, or more, if the broader cryptocurrency market enters an all-out bull market. 

Ethereum’s Ongoing Upgrades Driving Up Intrinsic Value

Ethereum’s intrinsic value is also on a growth trajectory and could positively impact the price going into the future. One of the upgrades that has given Ethereum a significant leap in adoption is the Pectra upgrade back in May. This upgrade stabilised transaction fees and has made Ethereum a network of choice for DeFi developers. 

Other upcoming upgrades could give Ethereum more leverage in the market and positively impact its demand. For instance, the forthcoming Fusaka upgrade will significantly boost Ethereum network resilience and scalability. This is a big deal as it could pave the way for mass rollouts of institutional-grade Dapps, especially for the Finance industry on the Ethereum network.

Fusaka: What to expect in the next Ethereum upgrade? pic.twitter.com/eKIjEOtwIq

— Uttam (@uttam_singhk) June 23, 2025

Technical Analysis – Ethereum Price Still Stuck In A Multi-Day Consolidation

Ethereum is in another consolidation day between the $3843.5 resistance and $3517.5 support. If bulls dominate, a rally to $4000 could follow.

However, if bears take control and push the Ethereum price through the $3517.5 support, a correction to around $3000 could follow. Of these two scenarios, the odds are higher that Ethereum will soon hit $4000. That’s because of the growing institutional demand, and the broader market is overall bullish. That’s despite the short-term correction that most altcoins are experiencing.