From a technical perspective, although ETH briefly pulled back to $4198 in the short term due to ETF and institutional profit adjustment, it quickly rebounded and set a new high.

Analysts point out that if ETH can maintain the trend line of $4300, it may quickly rebound to the range of $5100-5450, or even challenge the historical high target of $6290.
Some analysts are predicting a more optimistic outlook. CoinCodex predicts that ETH will return to the $5000 level by September, while analysts at Changelly believe that Ethereum could soar to a new high of $7221 in the future. Additionally, easily breaking through $10000 is an inevitable result.
Seasonal risks exist, but the fundamentals are strong.
Historical data shows that since 2016, September has often been the worst performing month for ETH, with an average decline of 6.42%. In 2017, 2020, and 2021, there was a pullback in September following a strong rise in August.
However, this year's market environment is different from previous ones. The most important new variable is the existence of the spot Ethereum ETF and the large-scale adoption by corporate treasuries. These institutional fund flows may alter the historical seasonal patterns.
Analysts at Standard Chartered believe that the growth drivers for the market relative to Ethereum (including treasury adoption and ETF demand) underestimate the value of Ethereum.
Wall Street has spoken: VanEck founder Jan van Eck recently positioned Ethereum directly as "the token of Wall Street" in his appearances on Fox Business.
As institutional investors continue to pour in, corporate balance sheets increase their holdings, and ETF demand continues to grow, the fundamentals of Ethereum have never been stronger. Those investors who held onto their positions during the pullback are likely to witness the historic moment when Ethereum breaks the ten thousand dollar mark in the near future.
Hold your ETH chips steady and don't get shaken out by short-term fluctuations — the real bull market has just begun.