Ethereum's price has shown resilience despite trading within a narrow range after a significant rally earlier this year. Recent data indicates a potential uptrend toward $5,000 is brewing due to several factors. Notably, institutional demand remains robust, with $226.4 million in net inflows into Ethereum-based investment products, surpassing Bitcoin's inflows. This reflects a shift in investor sentiment towards Ethereum. Additionally, Ethereum's supply on exchanges has plummeted to an eight-year low, suggesting a supply shock could fuel a price rally. Accumulation by large holders, or whales, further supports this bullish outlook, as their holdings have increased significantly. The Spent Output Profit Ratio (SOPR) also suggests that most ETH holders remain confident, as profit-booking has not yet occurred despite many in profit. The Market Value to Realized Value (MVRV) ratio indicates room for Ethereum to rise towards the $4,000-$5,000 range. Lastly, Ethereum's price action shows a V-shaped recovery, indicating potential for upward momentum if it breaks key resistance levels. Analysts expect ETH could reach $5,000 in 2025, aligning with growing institutional interest and favorable market conditions.

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