Ethereum US$ 3,500: New Era or Déjà Vu?
• Ethereum (ETH) surpassed US$ 3,500, accumulating an explosive monthly appreciation of 70% and standing just 25% below its all-time high.
• The rally does not resemble 2021—this time, it is institutional money that is pulling the train, while retail watches from the sidelines.
• Currently quoted at US$ 3,644, ETH displays strength in both the spot market and derivatives.
Engines of the Rally
• Spot ETFs of ETH surprised by receiving US$ 727 million in investments in a single day.
• BlackRock, the finance giant, wants to create products with ETH in staking—a clear sign of total institutionalization.
• Whales gobbled up 545,000 ETH just in July (no less than US$ 1.6 billion!).
• The advancement of the GENIUS and Clarity laws, supported by both sides of the American Congress, reduces regulatory risk and unlocks market potential.
Watchful Eye on Indicators
• RSI indicates: short-term overbought may bring a breather or consolidation.
• MACD still smiles at the bulls, with a historical accuracy of 73%.
• Resistances at US$ 3,700-3,800; bolder projections already aim for US$ 4,000 to 5,000 by December.
• The secret? Monitor ETFs and Asian movements to catch the next move.
Sentiment: The atmosphere is one of heated debate in Binance Square—will institutions sustain the rally or is a technical correction on the radar?