🚀 ETH is preparing for a strong breakout – an opportunity not to be missed! #AltcoinBreakout
The crypto market is heating up day by day, and Ethereum (ETH) is at the center with a series of clear breakout signals. In recent days, ETH has reached $3,675 – the highest in 6 months – before slightly correcting to the $3,600 range. This is not a bad signal; in fact, it is a retest of the old resistance area that has now become new support.
The fundamental factors are supporting ETH's strong upward trend:
- Capital inflows into spot ETH ETF funds are reaching record levels – averaging $727 million per day, totaling over $2 billion in July alone.
- Major corporations and businesses like SharpLink and BitMine continue to accumulate ETH in large quantities, showing long-term confidence in the Ethereum ecosystem.
- Legally, acts like the GENIUS Act and CLARITY Act in the U.S. are paving the way for allowing staking in ETFs, making ETH even more attractive to institutional investors.
Technically, ETH has just broken through the EMA50 (50-day moving average) – a signal that often precedes strong rallies. Additionally, the ETH/BTC pair has just confirmed a bull flag pattern and broken out of the EMA200, indicating that ETH could outperform Bitcoin in the near term with an expected increase of up to 30%.
If the current trend is maintained, ETH could easily reach $4,000 in the short term and aim for $4,200 in the medium term. Conversely, if ETH loses the EMA50 support zone ($3,500–$3,600), a retest of the $3,200–$3,300 area could occur. Therefore, setting clear stop-loss orders is essential at this stage.