Ethereum Price Breakout Targets $2,800 as ETF Inflows Surge

We now see a break above the $2,200 area as a buy signal that could result in a replay of the bull market that started in April-May 2025.

Similar to what happened back then, we could expect some sort of sideways consolidation between $2,200 and $2,800 for a while. Meanwhile, if we break past that ceiling, our long-term target for ETH for this cycle sits at $5,400 based on historical patterns.

The Relative Strength Index (RSI) in this higher time frame has already hit extreme overbought levels at 88. As last time, this could lead to a pullback to $2,200. If that happens, that would give late buyers the chance to scoop up ETH at a more advantageous price point to position for the continuation of the rally.