carjoman
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#ETHBreaks3k
This Friday, July 11, the price of Ethereum surged again above 3,000 USD, fluctuating between 2,990 and 3,019 USD.
The rally is being supported by large capital inflows into ETFs and the growing use of $ETH for tokenization and as a reserve in treasuries, also driven by a resurgence in retail demand.
Technically, robust support is observed in the range of 2,732–3,000 USD; some analysts see a bull-flag pattern that could push the price towards 5,000 USD, with intermediate resistances at 3,200–3,600 USD.
However, attention is on whether these levels consolidate, which would confirm a new bullish phase for Ethereum.
This Friday, July 11, the price of Ethereum surged again above 3,000 USD, fluctuating between 2,990 and 3,019 USD.
The rally is being supported by large capital inflows into ETFs and the growing use of $ETH for tokenization and as a reserve in treasuries, also driven by a resurgence in retail demand.
Technically, robust support is observed in the range of 2,732–3,000 USD; some analysts see a bull-flag pattern that could push the price towards 5,000 USD, with intermediate resistances at 3,200–3,600 USD.
However, attention is on whether these levels consolidate, which would confirm a new bullish phase for Ethereum.
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