$ETH - MARKET UPDATE ALERT ‼️
Ethereum Market Outlook: Strong Uptrend with Long-Term Momentum Building
Despite a modest 10% pullback from recent local highs, Ethereum (ETH) remains firmly in an uptrend up nearly 50% over the past month. This price action reflects strong bullish momentum, underpinned by rising institutional interest and macro-level catalysts.
🔹 Institutional Flows & Accumulation Trends:
ETF inflows are steadily increasing, signaling growing confidence from institutional players. At the same time, several major funds have reportedly raised over $1B specifically to accumulate ETH, positioning ahead of potential future supply shocks.
🔹 Technical Structure – Wyckoff Accumulation in Play:
The sharp decline below $1.4K is now seen as the final capitulation phase, completing a Wyckoff accumulation pattern. ETH has since reclaimed a key support level, reinforcing the bullish structure.
🔹 Short-to-Mid-Term Outlook:
Next target: $3,000 – $3,200
A healthy correction is expected post this level to reset market sentiment.
Q3 Projection: A move toward $4,000 is likely, with sustained weekly closes above this level potentially triggering a major breakout rally.
