🚀 Ethereum Breaks Above $3K — What’s Fueling the Move

$ETH recently surged past $3,000, hitting highs of ~$3,074 before pulling back near $2,967. Despite the dip, the breakout remains structurally strong.

🔹 Key Drivers Behind the Rally

1️⃣ Institutional & ETF Inflows

Spot ETH ETFs saw massive inflows — over $383M in a day, with totals nearing $900M. Ethereum-linked funds have grown 19% in 12 weeks, outpacing Bitcoin.

2️⃣ On-Chain & Whale Activity

Exchange reserves down ~2%, while whales are accumulating. A rare 100-day EMA > 200-day EMA crossover signals strong bullish momentum.

3️⃣ Technical Structure

ETH cleared key resistance at $2,800–$3,000. The current consolidation above $3K supports a potential bull-flag breakout with pattern targets near $5,000.

Next resistance: $3,060 → $3,200 → $3,400 → $4,400

Outlook Scenarios

📈 Bullish Continuation:

Holding above $3K opens the path to $3,200+, then possibly $3,500–$4,400 if momentum builds.

📉 Pullback Risk:

Profit-taking could send ETH to $2,900–$2,800. Strong support sits around $2,500, backed by whale accumulation.

✅ Summary

Ethereum’s breakout above $3K is backed by fundamentals: ETF inflows, whale buying, bullish chart setups, and strong on-chain data. As long as $3K holds, the stage is set for higher targets in the coming weeks.

#ETHBreaks3k #TradingStrategyMistakes #ArbitrageTradingStrategy #ShariaEarn