Ethereum ETFs Witness File $1B Inflows — How Excessive Can ETH Value Go?…

The neckline breakout close to $four,090 unlocks a technical goal round $6,728, above the 1.618 Fibonacci extension.

Quantity growth through the breakout provides conviction, whereas the RSI stays in overbought territory, suggesting sturdy momentum but in addition potential for transient pullbacks.

So long as ETH holds above the neckline, the construction favors continuation towards $6,000–$7,000, with macro tailwinds like spot ETF inflows and institutional accumulation offering further elementary assist.

What Would Change This View?

Ethereum’s bullish setup would face strain if the worth fails to carry above the $four,090 neckline, turning the inverse head-and-shoulders breakout right into a bull lure.

Equally, a shift from sturdy ETF inflows to sustained outflows might sign fading institutional demand, whereas a surge in mega-whale promoting would possibly overwhelm present shopping for momentum.