📊 Market Snapshot:
ETH is trading near $3,712, climbing about 4% in the last 24 hours. It’s been moving between $3,540–$3,714, showing strong momentum.
💼 ETF & Institutional Demand:
U.S. spot Ethereum ETFs have attracted $2 billion in inflows since July 4 a clear sign of rising investor appetite.
Institutions like BitMine are adding millions in ETH to their holdings, signaling growing confidence from major players.
📉 On-Chain & Metrics Overview:
MVRV & NUPL suggest $ETH is still undervalued, with most holders now in profit reducing sell pressure.
Exchange reserves are dropping, hinting at a potential supply squeeze as long-term holders move coins off exchanges.
📈 Technical Signals:
A Golden Cross has formed with the 50-day MA above the 200-day MA.
A bull flag pattern is visible, pointing to a breakout. Key zone to watch: $3,745–$4,900.
Support: $2,940–$2,980
Resistance broken: $3,550 next key zones are $3,800 and $4,000+
🕒 What’s Next?
Short-Term (1–2 weeks): Upward momentum could continue. Expect choppy action near $3,800–$4,000.
Next 1–3 months: ETH could reach $4,900–$5,000 based on the technical setup and recent inflows.
Long-Term: Analysts eye targets between $5K–$10K, supported by macro trends and institutional interest.
⚠️ Risks to Watch:
Fast rallies can bring sharp pullbacks especially above $3,900.
Regulatory updates (e.g. GENIUS & CLARITY acts) could shift market sentiment.
Global financial factors like inflation and Fed policy could also steer price direction.
🛠 Trading Plan:
Entry zone: Around $3,500–$3,600 looks favorable.
Profit zones: $4,000–$4,200 short-term; $4,900–$5,000 if trend stays strong.
Stop-loss idea: Below $3,400 to manage risk.
📌 Bottom Line:
Ethereum is showing strong technical momentum and renewed investor confidence. While the trend looks positive, always manage risk and stay alert during high-volatility per
iods.
