Ethereum Price Forecast: ETF Inflows Revive $4,000-$5,000 Price Targets

The Ethereum price has surged 27% in five days as ETF demand returns, pushing ETH above Citi’s target and reviving Standard Chartered’s $4,000 call.

Ethereum’s latest rally has done more than lift the price back above $2,000.

The cryptocurrency has also weakened one of the main arguments behind the more cautious institutional forecasts published earlier this summer.

The Ethereum to US Dollar (ETH/USD) price traded around $2,388 on Sunday morning after reaching $2,542 during the latest advance.

Despite a 1.5% pullback on the day, ETH remained 27.4% higher over five sessions and around 27% stronger over the past month.

The move has already carried Ethereum above Citi’s latest 12-month target of $2,240, set in July when the bank cut its forecast from $3,175.

That downgrade rested heavily on a bleak view of institutional demand.

Citi reduced its assumption for net crypto ETF inflows over the following 12 months to zero as funds suffered persistent withdrawals.

The market has since moved sharply in the other direction.

US-listed spot Ethereum ETFs attracted about $189 million on 19 August and another $221 million on 20 August, their strongest daily inflows in roughly ten months.

That does not automatically make Citi’s forecast wrong, but one of its central assumptions is no longer holding.