🚀 Ethereum Price Rally Targets $5,000 🔥
Ethereum (ETH) is trading around $3,711.51 after an explosive 70% July rally, driven by institutional demand and ETF inflows. Key support has formed between $3,350–$3,400, while a powerful short squeeze added momentum as 106,000 ETH was absorbed by spot ETFs last week.
💼 Institutional accumulation — led by BlackRock and whales scooping up $745M — is fueling this momentum. Regulatory clarity through the Clarity Act and a rare triple RSI bounce forming the “Power of 3” pattern have further ignited optimism. With the SEC’s Q4 2025 decision on ETH staking ETFs on the horizon, anticipation is building.
📈 Traders are watching the $3,700–$3,800 zone for a breakout, with macro patterns pointing toward $4,800 and beyond. Futures activity is booming, though the 44:1 long-short ratio warns of potential volatility. With the Fear & Greed Index at 75 and long-term holders accumulating, ETH could be eyeing $5,000—and possibly $8,500 long-term.