📊 Market Snapshot:

ETH is trading near $3,712, climbing about 4% in the last 24 hours. It’s been moving between $3,540–$3,714, showing strong momentum.

💼 ETF & Institutional Demand:

U.S. spot Ethereum ETFs have attracted $2 billion in inflows since July 4 a clear sign of rising investor appetite.

Institutions like BitMine are adding millions in ETH to their holdings, signaling growing confidence from major players.

📉 On-Chain & Metrics Overview:

MVRV & NUPL suggest $ETH is still undervalued, with most holders now in profit reducing sell pressure.

Exchange reserves are dropping, hinting at a potential supply squeeze as long-term holders move coins off exchanges.

📈 Technical Signals:

A Golden Cross has formed with the 50-day MA above the 200-day MA.

A bull flag pattern is visible, pointing to a breakout. Key zone to watch: $3,745–$4,900.

Support: $2,940–$2,980

Resistance broken: $3,550 next key zones are $3,800 and $4,000+

🕒 What’s Next?

Short-Term (1–2 weeks): Upward momentum could continue. Expect choppy action near $3,800–$4,000.

Next 1–3 months: ETH could reach $4,900–$5,000 based on the technical setup and recent inflows.

Long-Term: Analysts eye targets between $5K–$10K, supported by macro trends and institutional interest.

⚠️ Risks to Watch:

Fast rallies can bring sharp pullbacks especially above $3,900.

Regulatory updates (e.g. GENIUS & CLARITY acts) could shift market sentiment.

Global financial factors like inflation and Fed policy could also steer price direction.

🛠 Trading Plan:

Entry zone: Around $3,500–$3,600 looks favorable.

Profit zones: $4,000–$4,200 short-term; $4,900–$5,000 if trend stays strong.

Stop-loss idea: Below $3,400 to manage risk.

📌 Bottom Line:

Ethereum is showing strong technical momentum and renewed investor confidence. While the trend looks positive, always manage risk and stay alert during high-volatility per

iods.

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