Ethereum (ETH) is once again at the center of attention in the crypto market, with analysts and investors eyeing a potential rise towards new highs. After breaking through significant resistances, the asset shows signs of strength that could drive its price to even higher levels.
Technical Resistances on the Horizon
- $3,150: The first relevant obstacle, where ETH has already shown hesitation in previous sessions.
- $3,400: A critical resistance zone, with multiple analyses indicating strong selling pressure at this level.
- $4,900: Although still distant, this value represents a potential long-term target, especially if Ethereum maintains its appreciation pace and breaks previous highs.
Fundamental Factors for Growth
- Institutional Accumulation: Major players like BlackRock have been increasing their positions in ETH, signaling confidence in the asset.
- ETF Inflows: Investment products based on Ethereum, such as the Grayscale ETF, have recorded consistent inflows, highlighting a 60% growth in recent weeks.
- On-Chain Data: The distribution of the cost basis shows that ETH has surpassed concentrated supply zones, paving a technical path up to $3,417.
📊 Market Sentiment
With institutional FOMO gaining strength and technical indicators pointing to an upward trend, Ethereum may just be at the beginning of a new appreciation phase. Maintaining supports like $3,250 will be essential to sustain this movement.