ETH – Ethereum: Breaking the $3,000 mark thanks to ETF inflow, whale accumulation & staking narrative
1. Today's update
Current price: around $3,040–3,060, up ~18% this week and ~19% this month
24h Volume: around $24–28 billion USD, indicating strong liquidity
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2. News & price drivers
ETH ETF continues to record record inflows, with about $800M to $1B per day in July alone, total ETF is nearly $5 billion USD
SharpLink Gaming has purchased 16,373 $ETH (~$49M) through Galaxy OTC, raising total ETH holdings to 253,000 and signaling significant whale buying
The staking narrative – ETFs along with clear staking policies in the US create new momentum for ETH's future
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3. Technical analysis & outlook
ETH has just broken the $3,000 mark with a significant breakout, although there is resistance around $3,080–3,100
Technical patterns indicate continued upward momentum: RSI/MACD are positive, but volume confirmation is needed in the $3,100–$3,200 range
High potential for growth if staking ETFs are approved and the narrative continues — could reach $4,000–5,000 in the long term; extremely optimistic forecast from EMJ Capital up to $1.5 million/token (long term)
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4. Suggested investment strategies ⚠️
Short-term traders:
Buy zone: $3,000–3,020
Target: $3,100–3,200 (confirmation breakout)
Stop-loss: below $2,950
Medium – long-term holders:
Accumulation: $2,900–3,020
Target: $3,500–4,000 if the staking/ETF narrative continues strong
SL: below $2,900