*š $ETH Ethereum Rally Begins: Eyes on $5,000! š¤Æ*
*š Current Situation & Market Sentiment:*
- Price: $3,712 (4% gain in 24 hours)
- ETF inflows: $2 billion since July 4th, indicating growing US investor interest
- Institutional buying: Firms like BitMine adding millions of ETH to balance sheets
*āļø Fundamental & On-Chain Indicators:*
- MVRV and NUPL metrics in "in-the-money" territory, reducing selling pressure
- Exchange balance decreasing, increasing supply squeeze risk
*š§ Technical Analysis:*
- Golden crossover formation observed (50-day MA above 200-day MA)
- Bull flag formation increasing likelihood of upward breakout
- Support: $2940ā$2980; Resistance: $3800 and $4000+ ranges
*š Short- and Medium-Term Probabilities:*
- Short-term (1ā2 weeks): Uptrend likely to continue; volatility expected in $3800ā$4000 range
- 1ā3-month period: $4,000ā$5,000 range possible
- Long-term (6 months ā year-end): Potential to reach $5,000ā$10,000
*ā Strategy Recommendations:*
- Entry points: Support zones around $3500ā$3600
- Take-profit: Initial targets $4000ā$4200; potential for $4900ā$5000
- Risk management: Place stop-loss below support level (e.g., $3400)
*šÆ Summary:*
$ETH Ethereum is in a strong uptrend, supported by technical and fundamental signals. Volatility is expected, so a cautious strategy with stop-loss and staggered buy-sell is recommended. šš” #Ethereum #crypto #BullRunAhead #Binance