Ethereum's price has stalled at the $4,000 resistance level, despite positive on-chain metrics and strong demand, with 7.2 million coins purchased just below this threshold. The cryptocurrency is benefiting from Bitcoin's record highs and significant inflows into spot Ethereum ETFs, totaling over $2.3 billion. While a triple-top pattern poses a risk, a breakout could lead to gains towards the all-time high of $4,877 and potentially $5,000.