The weekly chart of Ethereum shows a bull flag pattern with upside potential toward $10,000 if confirmed. ETF flows have turned positive, signaling active institutional participation as spot holders adjust. The interplay between the pattern and fresh capital could accelerate liquidity rotation into ETH and reshape positioning in futures and corporate treasuries.
A bull flag is a continuation setup where an advance pauses in a tight range and typically resolves higher. Once the upper boundary gives way, the measured target points above $10,000, and commentators compute a roughly 145% lift from the breakout with a technical objective near $10,533.
Experts places key resistance at $4,500, with a daily close above this level activating the bullish count. The daily RSI now prints above 61, which traders interpret as a short- to medium-term upside bias, reinforcing the setup.
The pseudonymous account Ethernasyonal suggests ETH may be starting its third historical cycle, adding narrative momentum to the technical and flow-based signals.
Flows, positioning and implications
ETF-related demand and strategic reserves are expanding alongside the chart signal. Data indicate that strategic reserves besides ETF-linked wallets have grown 250% since April 1, while spot funds absorbed $674 million over two consecutive days, cancelling the prior week’s outflows.
Institutional bid appears to be strengthening, with inflows from BlackRock, Fidelity and similar sponsors increasing aggregate buying pressure and potentially deepening market liquidity.
Relative yield improves for ETH holders as staking rewards and tokenized assets add cash flow on top of raw price exposure, a factor that can attract longer-horizon allocations.
Risks remain around the $4,500 threshold: failure to clear it would risk a false break, trapping momentum and pushing price sideways while implied volatility expands. Regulatory uncertainty and competition from rival Layer-1 chains persist and could cap the rally.
The combination of pattern, momentum and new money may accelerate a shift of liquidity into ETH, with knock-on effects for futures positioning and corporate treasury allocations.
The immediate hurdle is $4,500. A sustained move above that level would open the path toward $10,000, while a rejection would likely keep price range-bound and raise volatility.
