Price Update: July 11, 2025
#### 💰 **Current Price & Performance**
- **Latest Price**: **$2,986.52** (as of 12:03 PM UTC) .
- **24-Hour Change**: +7.51% (+$208.60) .
- **Market Context**: Trading volume surged to **$42.69 billion**, reflecting strong bullish momentum .
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### 📊 **Key Price Movements**
1. **Recent Surge**:
- **Two-Day Rally**: ETH surged **13.5%** since July 9, climbing from $2,615 to $2,986 .
- **Weekly Trend**: Up **24%** from July 1 ($2,405), driven by institutional inflows and technical breakouts .
2. **Resistance Break**:
- ETH reclaimed **$2,920** (previous resistance turned support) and is testing the **$3,000** psychological barrier .
- Today's high: **$3,036.01** – a level last seen in late June .
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### 🚀 **Drivers of Today's Rally**
- **ETF Inflows**: U.S. Ethereum ETFs attracted **$468 million in net inflows** over four days, tightening supply .
- **Whale Activity**: Large investors bought **$358 million worth of ETH** in 24 hours, signaling institutional confidence .
- **Short Squeeze**: Aggressive short liquidations amplified gains, similar to Bitcoin's $570 million squeeze .
- **Regulatory Optimism**: Anticipation of clearer crypto regulations during the upcoming U.S. "Crypto Week" (July 14) .
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### 📈 **Technical Outlook**
- **Bullish Pattern**: ETH broke a **cup-and-handle formation** on the 4-hour chart, targeting **$3,120–$3,180** .
- **Key Levels**:
- *Support*: $2,920 (consolidation zone) .
- *Resistance*: $3,000–$3,180 .
- **Sentiment Indicators**:
- **Fear & Greed Index**: 67 (Greed), indicating bullish sentiment .
- **Derivatives Data**: Futures premiums rose to **5%** (neutral-bullish), while options skew is balanced at **-3%** . #ETH🔥🔥🔥🔥🔥🔥 #Price-Prediction $ETH