Ethereum Price Setup Mirrors 2021 Surge, $10K Target Nears

TLDR

Ethereum price is showing signs of a potential breakout, similar to its 2021 surge.
Spot ETFs have absorbed over 286,000 ETH, reflecting strong institutional demand.
Technical patterns suggest Ethereum is forming an inverse head-and-shoulders, a bullish reversal signal.
Ethereum’s resistance at $4,943 remains a key hurdle, but further growth is expected.
Analysts predict the ETH price could reach $10,000, supported by expanding institutional participation.

Ethereum price has entered a critical phase, showing technical signs that mirror its 2021 breakout. With rising institutional demand, the setup hints at the potential for another significant rally. Spot ETFs have absorbed over 286,000 ETH recently, further supporting this optimism. These factors together suggest that Ethereum price could be on the brink of its next big move, potentially reaching the $10,000 level.

Ethereum Price Patterns Mirror 2021 Breakout

Ethereum price patterns suggest a strong similarity to its breakout phase in 2021. Analyst Merlijn The Trader points out a structure that mirrors earlier price movements. The current setup features a dead-cat bounce, followed by consolidation, with a final retest forming near $2,000.

ETHEREUM JUST COMPLETED THE 2021 SETUP.

Same dead cat. Same retest. Same ignition.But this time Wall Street is inside the trade.

The setup that ran $200 to $4,000 is live again.

Now? $10,000 $ETH isn’t a fantasy. It’s math. pic.twitter.com/1iBWNmyEGb

— Merlijn The Trader (@MerlijnTrader) September 1, 2025

This setup was pivotal during the last bull run, which saw Ethereum price surge from $200 to $4,000. According to The Trader, “The pattern looks nearly identical, supporting the idea that Ethereum could break out again.” If history repeats itself, Ethereum price could experience another exponential rise.

Inverse Head-and-Shoulders Points to Further Growth

On the weekly chart, the Ethereum price forms an inverse head-and-shoulder pattern, often a signal of a bullish reversal. The left shoulder is near $2,200, with the head around $1,500, and the right shoulder now above $3,500. Resistance at $4,943 remains a key barrier, but the overall trend suggests that the ETH price may be gearing up for further gains.

Despite weak overbought conditions, the market shows signs of a short-term cooldown. The Stoch RSI indicator is slipping below its signal, suggesting that the ETH price may retest $4,100 before resuming its upward trajectory. If this rebound happens, it could break Ethereum out of its prolonged consolidation, setting the stage for growth.

Institutional Demand and ETF Inflows Strengthen Market Confidence

Strong institutional demand is supporting the Ethereum price, with ETH ETFs posting inflows of over 286,000 ETH in just one week. Glassnode analytics highlights steady inflows, signaling that institutional involvement is at an all-time high. Unlike the 2021 cycle, when retail drove the market, institutions are now playing a crucial role.

This surge in institutional participation strengthens Ethereum’s bullish outlook. As long as the ETF inflows continue, Ethereum price will have the support it needs to reach new highs. Ethereum’s strong demand layer could make the $10,000 target increasingly achievable.

In conclusion, ETH price is poised for a breakout. The technical patterns, combined with strong institutional demand, suggest that Ethereum could see a significant rise in the near future.