My people! What's up, friends from the crypto world! 🔥 Get ready because the situation with Ethereum (ETH) is getting good and we need to be sharper than ever. It seems that our beloved ETH has been rising like foam and has broken a barrier that has been driving it crazy since February: the $2,800 green! Right there! 🤑
Imagine that ETH has had nine consecutive weeks with positive cash inflows in spot ETFs, meaning that people on Wall Street are really getting into it, it's become the favorite in the neighborhood! The truth is that they don't see it as one of those boring tech stocks, but as the engine driving DeFi (decentralized finance) and that can also give you dividends if you put it to "work" with staking. Plain and simple!
This guy, Ethereum, is projected to have a very bullish third quarter of 2025, going up like a rocket! And if that weren't enough, the ETH/BTC pair (Ethereum against Bitcoin) is also recovering, which means that ETH is gaining an advantage over the big guy, the very Bitcoin itself. What a move! 🤯
But be careful, not everything is rosy. Ethereum traders need to keep their eyes wide open. It turns out that the weekly chart showed that ETH surpassed that resistance zone of $2,800 with brutal strength, indicating that there are many buyers eager to keep pushing the price. However, this rapid rise left a "gap" that may need to be filled. What does that mean? That those who trade in the medium term ("swing traders") may have to wait for the price of ETH to touch $2,800 again, but this time as support (a floor), before continuing to bet on it rising. It's like gaining momentum before jumping higher!
The 12-hour chart also tells us that Ethereum didn't stay long at the $2,800 resistance during this July streak. This reinforces the idea that there could be a small drop, a "recalibration," in that zone before it shoots up again. The RSI (Relative Strength Index) is at 77, extremely high! This indicates strong bullish momentum, but also that it's in overbought territory. Watch out, as a bearish divergence could come, which would be a warning sign for the more active traders.
But don't worry, not everything is drama. The CMF (Chaikin Money Flow) is at +0.23, and when it's above +0.05, it means that a lot of capital is entering the market and that the buying pressure is dominant. That could help it recover quickly and break that psychological barrier of $3,000 green! 💰
Additionally, if we look at the liquidation heat map, we see that there is a lot of liquidity above $3,000. And we already know that those levels are like magnets for the price. It seems that Ethereum is ready to go for them. If Bitcoin continues in "price discovery" mode (i.e., rising to unseen levels), it's very likely that ETH will follow in its footsteps.
So, friends, get ready for either of the two scenarios: either Ethereum continues its unstoppable rise to $3,200, or it needs to take a small detour around $2,800 to catch its breath before continuing the party. Stay sharp with this situation because it's good! 😉$ETH