Ethereum Eyes $10K as Institutional Trading and ETF Flows Hit Record Highs

The current Ethereum price sits at $4,722 at the time of writing, showing a 3.06% daily gain. This rally has been fueled by unprecedented institutional activity and historic ETF inflows, signaling a bullish shift in market sentiment. 

With analysts projecting Ethereum’s potential to hit the $10,000 mark, the question now is whether this momentum can sustain in the face of overbought conditions and macroeconomic uncertainty.

BitMine Expansion and Institutional Accumulation

BitMine Immersion Technologies has made headlines by filing to expand its at-the-market (ATM) offering by $20 billion, aiming to strengthen its ETH holdings. The firm already holds over 1.15 million ETH valued at more than $5 billion, making it the largest Ethereum treasury among publicly-traded companies.

This move mirrors the Bitcoin accumulation strategies employed by other public firms in past cycles, but with a focused bet on Ethereum’s future. If successful, BitMine’s plan to secure 5% of ETH’s total supply could significantly reduce circulating liquidity, creating upward price pressure.

READ ALSO: Ethereum Shows Positive Futures and On-Chain Data! $5,000 Soon?

Record ETF Inflows Amplify Bullish Sentiment

On August 11th, Ethereum ETFs saw $1.019 billion in net inflows, the largest since their launch. BlackRock’s iShares Ethereum Trust led with 149,168 ETH added in a single day, valued at over $640 million. This surge pushed ETHA’s total holdings above 3.3 million ETH and net inflows beyond the $10 billion mark.

Such institutional-scale buying reinforces Ethereum’s status as a primary asset for long-term crypto investment portfolios. Historically, large ETF inflows have correlated with sustained upward price momentum, especially when combined with reduced sell pressure from whale wallets.

Technical Analysis: ETH Targets New All-Time High

Ethereum recently broke out of a bullish pennant pattern after a 20% rally in just one week. The breakout suggests a near-term target above $5,000, with the all-time high at $4,868 as the key resistance to watch.

Technical indicators like the RSI and Stochastic Oscillator remain in overbought zones, reflecting strong bullish sentiment but also hinting at the possibility of short-term pullbacks. A daily close below $3,770 could invalidate the bullish thesis, while holding above $4,500 keeps the path to $5,000 and beyond intact.

Ethereum Price Prediction and $10K Scenario

Ethereum’s historical market cycles show it typically reaches 30–35% of Bitcoin’s market cap during peak rallies. If Bitcoin climbs to $150,000, ETH could reach between $8,500 and $10,000.

Analysts such as Michaël van de Poppe and trader Yashasedu believe ETH is primed for a new all-time high in the coming months. Institutional buying, ETF demand, and ecosystem growth — including DeFi and layer-2 adoption — all point toward sustained bullish momentum.

READ ALSO: Ethereum Price to $15,000: How These Data Supports It

Conclusion

Ethereum’s surge past $4,600, backed by record ETF inflows and aggressive institutional buying, has reignited hopes for a $10,000 target in this cycle. While short-term pullbacks are possible due to overbought signals, the long-term fundamentals remain strongly bullish. For traders and investors, the next few months could be pivotal in Ethereum’s price trajectory.

For more in-depth crypto market updates and predictions, check out the latest posts on the Bitrue blog — or explore trading directly on Bitrue’s platform.

FAQ

What is the current Ethereum price?

At the time of writing, Ethereum is trading at $4,722.

Why is Ethereum’s price surging?

Institutional buying and record ETF inflows are driving demand and reducing sell pressure.

Can Ethereum reach $10K?

If Bitcoin hits $150,000 and ETH maintains 30–35% of its market cap, $10K is possible.

Is Ethereum overbought?

Technical indicators show overbought conditions, suggesting possible short-term pullbacks.

What could push ETH higher in the long term?

Institutional accumulation, DeFi growth, and successful network upgrades could fuel the next rally.