🚀 Ethereum$ETH Bulls Eye $4K — But First, Break $2.8K! 🔥
Ethereum (ETH) is on the edge of a major breakout — but there's one major barrier: $2,800. After hitting a 4-month high at $2,880 on June 11, ETH corrected to $2,550. Now, analysts say this consolidation just below $2.8K could trigger a "violent move upward."
📊 Why is $2.8K critical?
According to trader Daan Crypto, ETH price action is compressing tightly below the $2.8K resistance. A strong breakout and hold above this level would set the stage for a rally toward $4,000 or higher.
💥 Fellow analyst Jelle added:
"These structures usually end in one way — a strong and violent move."
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📈 Bullish Catalysts Supporting ETH Price
🪙 1. Massive Spot ETF Inflows
Over the past two weeks, spot Ethereum ETFs saw net inflows of $861.3 million, with consistent institutional demand returning post-June 13.
🔒 2. Staked ETH Hits All-Time High
More than 35 million ETH is now locked, with over 500,000 ETH added just this month — reducing liquid supply and increasing scarcity.
🧠 3. Accumulation Addresses at ATH
Addresses with no history of selling now hold 22.8 million ETH ($58B). That’s a strong signal of long-term investor confidence.
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📉 Key Technical Level: The 200-Day SMA
ETH must also reclaim the 200-day Simple Moving Average at $2,600. If this flips to support, it could replicate the 40% rally seen in late 2024.
📌 Bottom Line: With fundamentals and technicals aligning, a breakout above $2,800 could launch Ethereum into its next major bull run — and possibly toward $4,100.