Ethereum's price is showing signs of strength after struggling to attract buyers near key resistance levels. The ETH ETF sector is experiencing a positive net flow, driving a strong push toward the $4,000 psychological mark. Analysts predict a significant upward trend if ETF inflows continue to rise. On-chain metrics have also improved, strengthening the likelihood of a breakout above $4,000.

Investors have begun accumulating Ethereum, with a slight positive trend emerging. However, both buyers and sellers are still validating a clear trend. According to Coinglass data, Ethereum price witnessed a total liquidation of nearly $22 million, with sellers liquidating around $12.5 million worth of short positions.

Despite this, analysts at JP Morgan believe that spot ether ETFs will not experience the same influx of funds as spot bitcoin ETFs. They cite bitcoin's "first mover advantage" as a key factor, which allowed it to capture much of the market's interest in crypto assets following the approval of spot bitcoin ETFs. This could negatively impact Ethereum's price if it fails to attract institutional interest.

However, the improving on-chain metrics and positive ETF inflows suggest a strong upward trend for Ethereum. If the momentum continues, a breakout above $4,000 is likely. Investors are cautiously optimistic, accumulating Ethereum in anticipation of a significant price increase.

The battle between buyers and sellers continues, with Ethereum's price fluctuating around the $3,500 mark. However, the improving fundamentals and increasing institutional interest suggest a bright future for the second-largest cryptocurrency by market capitalization. Will Ethereum break through the $4,000 barrier? Only time will tell, but the signs are looking promising.