Ethereum price replicates the pre-explosion pattern of 2021, institutional ETF weekly influx of 286,000 ETH supports the 10,000 target | ETH price prediction

Analysts point out that the price movement of Ethereum (ETH) is repeating the pattern seen before the explosion in 2021: Dead Cat Bounce, months of consolidation, and final retest. At the same time, the Inverse Head-and-Shoulders bullish reversal pattern on the weekly chart also supports its long-term price prediction of $10,000. On the fundamental side, the US Spot Ethereum ETF recorded a massive inflow of over 286,000 ETH in the past week, with institutional demand remaining strong, providing solid buying support for the market. Additionally, the Chinese state-owned enterprise Futian Investment Holdings has issued offshore RWA (Real World Assets) bonds worth 500 million based on Ethereum, demonstrating that blockchain technology is gaining wider acceptance in specific application scenarios, despite China's overall ban on crypto assets remaining unchanged.

Technical Analysis Repeats History: Ethereum May Be Brewing a New Round of Exponential Rise

Analyst Merlijn The Trader emphasized a recurring structure that echoes Ethereum's price breakout in 2021. His chart reveals the same rhythm: a Dead Cat Bounce, months of consolidation, and finally a retest. This pattern elevated ETH's price from $200 to $4,000 during the last bull market. The current pattern looks almost identical, with the retest forming around $2,000. This similarity reinforces the belief that Ethereum may be gearing up for another round of exponential gains. ETH's long-term price predictions now consistently point to the $10,000 level.

On the weekly chart, Ethereum's price is also forming an inverted head and shoulders pattern, which is often seen as a bullish reversal signal. The left shoulder is located near $2,200, the head dips close to $1,500, and the right shoulder has risen above $3,500. However, the resistance level at $4,943 remains a decisive barrier. The weak overbought conditions, along with the Stoch RSI signal crossing below the signal line, indicate a short-term cooling off. This opens the door for a retest of $4,100, after which stronger demand will resume. Such a rebound would ultimately allow Ethereum to break free from the consolidation that has been in place since 2021, laying the groundwork for growth.

Institutional Demand Strong: ETF Weekly Accumulates 286,000 ETH, Building a Solid Demand Layer

The US Spot Ethereum ETF recorded over 286,000 ETH in capital inflows within a week. This is one of the largest single-week inflows since its launch. At that time, ETH closed near $4,400, and institutional demand has not weakened. Glassnode's analysis highlights a steady influx of funds, proving the existence of a strong layer of demand. Unlike the 2021 cycle dominated by retail investors, institutions are now fully involved. Bearish liquidity trends tend to reduce exchange supply and make severe sell-offs harder to sustain. This sentiment creates resilience and adds further momentum to Ethereum's bullish trajectory.

With the continuous inflow of ETH ETF funds into the market, as long as this situation continues, Ethereum's price has additional buying support, helping it break through and move towards $10,000. In summary, Ethereum's price has been supported by a combination of repeated technical structures and expanding institutional demand. The breakout pattern reflects the form that previously drove the market's historic rise. The inflow of ETF funds has added a persistent layer of demand, altering Ethereum's supply dynamics. These forces together make the $10,000 target increasingly likely to become a reality for ETH prices.

China Issues Ethereum-Based RWA Bonds: Embracing Specific Blockchain Applications

China is increasingly embracing specific use cases of digital assets and blockchain technology. China's state-owned enterprise Futian Investment Holdings has issued its first batch of RWA (Real World Assets) bonds. The Ethereum-based bonds will allow investors to purchase the company's debt. The relationship between China and digital assets is complex. Real world assets are entering China in significant ways.

On September 1 (Monday), China's state-owned enterprise Futian Investment Holdings announced the initial public offering of RWA in the form of digital bonds. The transaction date was August 29, and the Shenzhen-based company issued offshore bonds worth 500 million RMB in Hong Kong. These bonds, issued on the Ethereum (ETH) Blockchain, have a two-year term and an interest rate of 2.62%. According to the company, this move is a response to the growth trend of adopting Tokenization and RWA technology. Part of the motivation is also to demonstrate that the company is taking a forward-looking approach to new technologies. "This move not only helps the company further expand its global financing channels and optimize its capital structure, but also fully enjoys the policy dividends of Hong Kong, injecting solid state-owned enterprise momentum into the high-quality development of the Futian District," the company stated. It is important to note that RWA bonds are a traditional financial instrument now available on the blockchain. In this sense, it does not constitute a broader embrace of digital assets by China.

China's Complex Stance: A Complete Ban on Crypto Transactions but Allowing Specific Blockchain Applications

The relationship between China and Crypto Assets is complex. In 2021, China implemented a comprehensive ban on all crypto trading and mining. The main reasons for the ban were its impact on energy demand and concerns that crypto assets could undermine the stability of the financial system. Nevertheless, the country continues to allow specific use cases for digital assets and Blockchain technology. Recently, like many other countries, China has expressed concerns over the increasing popularity of Stablecoins. It is noteworthy that dollar-denominated stablecoins currently dominate the market, which could have a negative impact on other currencies.

Conclusion

The current technical form and fundamentals of Ethereum have formed a bullish resonance. The reproduction of historical patterns, strong institutional ETF buying, and the continuously developing blockchain application scenarios (such as China's RWA bonds) together provide multiple thrusts for its goal of reaching $10,000. However, investors still need to pay attention to macro market sentiment, regulatory dynamics, and the breakthrough situation of key technical resistance levels (such as $4,943). The Chinese case shows that, despite the varying global regulatory attitudes towards crypto assets, the value of blockchain technology in enhancing the efficiency of traditional finance is increasingly being recognized, which brings long-term structural opportunities for public chains like Ethereum that have strong ecological functions. In the short term, attention should be paid to the potential retracement support effect around $4,100.