Ethereum closes above Ichimoku Cloud with bullish indicators signaling a potential move toward $4,000.
Institutional ETF inflows hit $990M in one week, boosting Ethereum’s long-term market strength.
ETH holds above EMA50 as open interest and trading volume surge, supporting continued price momentum.
Ethereum (ETH) is showing strong bullish behavior in July as it aims for a close above the Ichimoku Cloud on the weekly chart. If the Lagging Span breaks above the Tenkan-sen, analysts believe a move toward $4,000 could follow quickly. At the time of writing, ETH was trading at $3,551.
Weekly Breakout Confirms Bullish Shift
Ethereum has broken above weekly resistance after forming a golden cross on the Ichimoku Cloud, according to an observation by Titan of Crypto. The weekly candle moved above the cloud earlier this month, signaling a possible bullish continuation if the trend holds.
https://twitter.com/Washigorira/status/1946287171184234731
The Tenkan-sen has crossed above the Kijun-sen, and the price remains steady above these indicators. This setup, combined with strong volume, points to renewed interest from traders and institutions. The Lagging Span is approaching the Tenkan-sen, and a break above could strengthen the case for more upside.
According to analysis prepared by Trendytrend on TradingView, Ethereum has reclaimed the $3,200–$3,400 zone. This invalidates the previous lower-high pattern seen in early 2025. The next price target, if the trend continues, is set at $4,000, with further upside possible.
Institutional Demand and Derivatives Support Rally
A key factor in Ethereum’s rally is strong institutional inflows into Ethereum ETFs. Over $990 million entered ETH ETFs last week, with $5.5 billion in total inflows since launch. BlackRock and iShares have recently submitted updates to add staking features to their Ethereum ETFs.
Meanwhile, Ethereum’s derivatives market has seen increased activity. Open interest rose to $52.13 billion, and trading volume reached $168.08 billion. The long/short ratio surpassed 3.00, reflecting strong confidence from large investors.
Doctor Profit also shared a chart analysis showing Ethereum holding above the EMA50, which was a key resistance for weeks. This technical breakout could allow ETH to approach $4,000 soon if momentum continues. Analysts have noted a possible extension to $4,950, depending on how the market reacts in the coming sessions.
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