๐ Ethereum surpasses $3,300 amidst strong institutional and technical momentum!
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๐ What happened:
โ ETH rose by 10% today and 26% over the week, reaching $3,300 for the first time in 6 months
โ More than $152M in short positions were liquidated, boosting the upward momentum
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๐ฆ Reasons for the rise:
โ The formation of a Golden Cross technical pattern, a strong signal of the beginning of an upward trend
โ Massive institutional inflows through spot ETF funds, especially from BlackRock and SharpLink
โ Anticipation of SEC approval for spot Ethereum funds, which boosts market confidence
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๐ก Why does it matter?
โ It shows that Ethereum still retains its position as a strategic asset
โ It paves the way for a new wave of institutional adoption, especially with Bitcoin's dominance declining
โ It enhances the likelihood of continuing the altcoin season
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๐ Current technical indicators:
โ RSI above 80 = strong momentum
โ ADX at 29 = stable upward trend
โ Price above 50 and 200-day averages = technical confirmation of the trend
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โDo you think ETH will reach $3,500 soon?
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