ETH price outlook suggests bulls might breach overhead resistance and reach prices above $4k<\/strong><\/p>\n

Ethereum sees increased institutional inflows<\/h2>\n
The surge in Ether’s price comes as the altcoin market records the second week of capital inflows, according to data from asset manager CoinShares.<\/p>\n
As per the firm’s weekly report<\/a> released yesterday, the altcoin-based assets registered inflows of $24 million, up from $21 million added over the previous week. Among altcoins, Ethereum registered inflows of $17.2 million to represent about 25% of assets under management (AUM).<\/p>\n
Apart from Ethereum, other altcoins to see the second week of inflows were Cardano<\/a> (ADA) and Solana (SOL), which registered $10.1 million and $2.7 million in inflows respectively.<\/p>\n
The increased inflows into digital asset investment products suggest bullish sentiment from institutional investors in altcoins, with Ethereum and Cardano likely to see further price increases as demand rises.<\/p>\n
ETH\/USD price outlook<\/h2>\n
*ETH\/USD daily chart. Source: <\/em>**TradingView<\/em><\/a><\/p>\n*
A look at the daily chart shows that Ethereum price has broken above the resistance line of an ascending triangle with a barrier at $3,328. The price has recoiled off intraday highs around $3,374, the same price level that capped bulls\u2019 attempts to break higher on 23 August.<\/p>\n
If buyers turn the resistance line into support, the next target would lie at around $3,448 and then $3,718. Further buy-side pressure could then push Ethereum towards $4,000.<\/p>\n
On the downside, ETH\/USD could retest support of the ascending triangle, which coincides with the 20-day exponential moving average curve around $3,157. Below this level, bears could focus on the horizontal support around $2,900 and then the 50-day moving average line around $2,716.<\/p>\n<\/p><\/div>\n

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ETH price outlook suggests bulls might breach overhead resistance and reach prices above $4k Ethereum’s price has crossed above the overhead resistance at $3,350 as bulls bid to take the ETH\/USD pair to prices last seen on 19 May when the cryptocurrency traded above $3,400. While the pressure that saw Ether’s value move to lows […]<\/p>\n","protected":false},"author":1,"featured_media":5349,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[44,659,1276,124],"class_list":{"0":"post-5348","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market","8":"tag-ethereum","9":"tag-eyes","10":"tag-highs","11":"tag-price"},"_links":{"self":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/posts\/5348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/comments?post=5348"}],"version-history":[{"count":0,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/posts\/5348\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/media\/5349"}],"wp:attachment":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/media?parent=5348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/categories?post=5348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/tags?post=5348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}