🚨"*Ethereum breaks the $3700 barrier again!*"
🔍 Short-term forecasts support positive cash flows in ETF formations and increasing momentum.
Average Range: A potential upward movement between $4000-$5000 is possible; positive on-chain dynamics continue.
Long Term: High Potential: With institutional interest and regulatory clarity, the price may reach the $5000-$10000 range.
Beginning of Ethereum's rise: eyes on $5000!
📊 Current Situation and Market Sentiment
Price and Momentum: Ethereum is currently trading at around $3712 and has gained about 4% in the last 24 hours. It has fluctuated between $3540 on the downside and $3714 on the upside.
Increased interest in ETFs: U.S. spot ETFs have seen a total inflow of $2 billion since July 4, indicating increasing interest from American investors.
Institutional Buying: Companies like BitMine have added millions of Ethereum to their balance sheets, demonstrating increasing demand for "smart money," or professional capital.
📉 Fundamental and On-Chain Indicators
MVRV and NUPL: Currently trading at a relatively low value compared to its realized value; NUPL indicators are in the "in the money" zone - meaning investors are making profits, which may reduce selling pressure.
Exchange Balance: The amount of Ethereum held by long-term investors on exchanges is decreasing. This increases the risk of selling pressure, supporting the price.
🗣 Technical Analysis
Moving Averages: The 50-day moving average (~$2594) is above the 200-day moving average (~$2477) - a golden cross formation is observed.
Bull Flag Formation: A bullish flag has recently formed, increasing the likelihood of a bullish breakout; the range between $3745 and $4900 is suggested as a target.
Support and Resistance:
Current Support: The $2940-$2980 range is noteworthy.
Critical Resistance: The $3500-$3550 level has been broken, with the next barriers being the $3800 and $4000+ ranges.
📊 Short and Medium Term Probabilities
Short Term (1-2 weeks): The upward trend is likely to continue; volatility may increase in the $3800-$4000 range. High positions in call options in the derivatives world support this expectation.
1-3 Month Period: The $4000-$5000 range may become a reasonable target. According to a CCN article, a price level of $4900 is possible "after a bullish flag breakout."
Long Term (6 months - end of the year): Some analysts suggest that Ethereum could reach $5000-$10000.
⛔* Risks and Warnings*
Correction Risks: Rapid increases often lead to corrections. Moves above $3900-$4000, in particular, could create selling opportunities.
Regulatory Uncertainty: The passage of GENIUS and CLARITY laws may increase regulatory clarity; however, the course of the process may affect the price - for better or worse.
Macro Factors: Federal Reserve policies, inflation developments, and global liquidity conditions may determine the direction of Ethereum's price.
✅ Strategic Recommendations
Taking a Position: If you are new to Ethereum, support areas around $3500-$3600 may provide suitable entry points.
Taking Profit: Initial targets may be between $4000-$4200; if strong momentum continues, $4900-$5000 can be considered.
Risk Management: It's important to protect capital against potential declines by placing a stop loss below support levels (like $3400).
Ethereum breaks the $3700 barrier again!
Is this a breakout signal towards the $4K levels and a return of strong momentum? Or just a temporary breakout within market fluctuations?
💡 In your opinion:
🔹 What factors supported this rise?
🔹 Do you see Ethereum still as undervalued compared to Bitcoin?
🔹 Will DeFi, NFTs, or AI play a role in pushing towards a new ATH?
Share your technical view or upcoming strategy!
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