Ethereum Ascending: Traders Eye $16,700 Target by 2026

- Bullish technical patterns and $5.3 billion ETF inflows fuel Ethereum optimism. - Analysts point to an ascending triangle breakout above $4,000 as a key catalyst. According to Cointelegraph on July 30, 2025, Ethereum's price may be poised for a breakout as traders closely watch an ascending triangle pattern on the monthly chart. Historically, this pattern is associated with significant bullish movements. If Ethereum can decisively surpass the crucial $4,000 resistance level, this technical setup suggests a potential price target of $16,700. On the same date, Cointelegraph also highlighted a strong alignment of technical indicators bolstering trader confidence, noting that a “bullish cross” in Ethereum’s moving average convergence divergence (MACD) stands out as a key signal. In previous market cycles, this pattern often preceded sharp price surges. Therefore, this signal amplifies the ascending triangle's implications and reinforces a possible major upward trajectory, provided Ethereum breaks cleanly above $4,000. Institutional demand also cements this optimistic outlook. Since early July 2025, spot Ether ETFs have attracted $5.3 billion in inflows, a clear sign of heightened institutional interest. In addition, Cointelegraph reported that more companies are incorporating Ethereum into their corporate treasuries, a trend that underscores ongoing institutional support for the asset. Supply-side factors further contribute to Ethereum’s bullish momentum. Analysts note that the Ethereum network's limited annual ETH issuance, combined with robust ETF inflows, points to a potential supply-demand imbalance. These conditions, alongside the bullish technical patterns, suggest Ethereum is well-positioned for a significant price move in the current market cycle. Data from CoinMarketCap on July 30, 2025, showed Ethereum (ETH) trading at $3,796.96 at 17:15 UTC, reflecting a 0.7% gain in the past 24 hours. Meanwhile, trading volume over the same period reached $29.5 billion, and this market activity supports the case for continued upward momentum.