1. Current Technical Picture
ETH has recently pulled back and is consolidating around $3,300–$3,500.
Key support is near $3,000, and holding this zone is critical for a potential bullish rebound.
On the upside, analysts are watching for a breakout toward $4,300, with some even projecting $4,400–$5,500 in a stronger move.
2. Short-Term Forecast
According to Blockchain.News, ETH could reach $4,300–$4,400 within ~2 weeks if the technical setup plays out.
However, there’s also an argument for near-term consolidation before that move, with a critical resistance around $4,280–$4,300.
3. On-Chain & Fundamental Drivers
Institutional interest is strong: recent large ETH purchases (“whale accumulation”) are reinforcing market confidence.
ETF inflows into Ethereum are creating additional demand, which supports the bullish thesis.
Meanwhile, the network is seeing on-chain strength (liquidity pools in the $3,200–$3,350 range) which may absorb sell pressure.
4. Risks & Bear Case
If ETH fails to hold support around $3,000, it could re-test lower levels or face a deeper correction.
Some models suggest a more cautious target (bear case) if macro risks worsen.
5. Bull Case Scenarios
In a bullish scenario, $ETH
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More optimistic projections even suggest $5,200+ by November if key resistance is broken.