๐ฅ $ETH Bull Flag Breakout โ $4000 Target Back On!
Ethereum has reclaimed $3000 for the first time since February, after weeks of consolidation below $2800. ๐
โ Key Highlights:
Technical Breakout: ETH formed a descending wedge (Dec-Apr), broke out in mid-May, then entered a bull flag. Recent breakout above $2700 sets a target at $3834 based on flagpole calculation.
ETF Inflows Surge: Last week, US spot ETH ETFs saw $908M inflow, the highest since July 2024. On July 10 alone, $383M flowed in, setting a new 2025 single-day record.
On-Chain Strength: 79.96% of ETH supply is now in profit โ the highest since January 2025 โ boosting holder confidence and reducing sell pressure.
๐ Outlook: If ETH holds above $3000, market expects a move towards $4000 next week.
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