Ethereum bullish reasons strengthen: ETF capital inflow, cost reduction and bullish fractal resonanc

The Ethereum fractal structure points to the US$4000 resistance level and the US$10,000 - 16,000 target range.

Ethereum main network fees plummeted 99%, and throughput doubled.

The net inflow of Ethereum ETF funds into the Ethereum main network for five consecutive weeks

The median transaction fees dropped from more than US$2 in January 2024 to below US$0.02 in March 2026, a drop of more than 99%.

The U.S. spot Ethereum ETF recorded a net inflow of US$244.9 million in the week ended August 7, extending the number of consecutive weeks of net inflows to five weeks.

Ethereum main network throughput approximately doubled during this period, while median transaction fees for the Layer 2 network dropped by approximately 95%.

Analyst Crypto Patel's fractal chart shows $1,000 - 1,500 as the key support area,$4000 as the resistance level, and $10,000 - 16,000 as the target range.

Ethereum is gaining renewed market attention as three quantifiable trends emerge at the same time-lower costs of network use, enhanced institutional capital inflows, and improved technology structure. Together, these developments provide a clearer framework for judging whether the current recovery is supported more broadly rather than relying solely on short-term price fluctuations.

As of press time, Ethereum was trading at approximately US$1914, well below previous cyclical highs and well below the long-term target price widely discussed by analysts. However, the latest data shows that network costs, throughput and U.S. spot ETF funding flows have all improved, providing more factual basis for bullish views.

The Ethereum fractal structure points to the $4000 resistance level and the $10,000 - 16,000 target range

Market analyst Crypto Patel's long-term chart places Ethereum in an approximately four-year expansion pattern that is associated with previous Bitcoin halving cycles. Patel pointed out that the recent pullback remains within a historically important fundraising area, which helps protect the broader technology structure.

Based on this structure, the chart identifies $1000 to $1500 as the key support range, with resistance close to $4000. If the structure continues to work, Patel's fractal chart also depicts potential fifth wave expansion, targeting $10000 to $16000.

Based on Ethereum's current price of approximately US$1914, rising to US$10000 requires an increase of approximately 422%, while reaching US$16000 means approximately 736% room for upside. However, Patel describes this as a fractal-based deduction rather than a deterministic price forecast.

Therefore, the outlook relies on technical confirmation rather than mere expectations. However, for the bullish structure to remain intact, Ethereum needs to continue to form higher highs and higher lows while remaining above a broader support range.

Ethereum main network fees have plunged 99%, and throughput has doubled

In addition, the development of technical structure has been accompanied by a sharp drop in transaction costs. BMNR Bullz cited data from Ambrosia and Mizrach to show that median fees on the main network have dropped significantly.

The report shows that the median transaction fee for Ethereum dropped from more than US$2 in January 2024 to less than US$0.02 in March 2026, a drop of more than 99%. During the same period, the throughput of the main network approximately doubled.

The median cost for each Layer 2 network also dropped by approximately 95% during this period. These data suggest that while the network handles more activities, users pay significantly less for block space. As a result, lower costs can improve the accessibility of decentralized finance, transfers and frequent on-chain transactions.

Net inflow of Ethereum ETF funds for five consecutive weeks

Institutional demand has also been strengthened through U.S. spot ETF products. SoSoValue data shared by BMNR Bullz showed that net inflows were US$244.9 million for the week ended August 7. This marks the fifth consecutive week of positive inflows after a net outflow of approximately US$273.3 million in the week ended June 26.

Net inflows in the following weeks were approximately US$84.4 million, US$105.4 million, US$103.9 million, US$27.4 million and US$244.9 million, respectively. Cumulative net inflows into U.S. spot Ethereum ETF have reached approximately US$11.46 billion.

Broader institutional participation is not limited to capital flows. BMNR Bullz also mentioned the tokenization activities of BlackRock and JPMorgan Chase, with tokenized ETFs accounting for 52.5%, and the stablecoin market size reaching US$148 billion.