Ethereum Hits 180-Day High – Eyeing $4,100 Next?
Ethereum has surged to $3,671, marking a 152% jump since March and a record 37% gain in July, fueled by $720M spot ETH ETF inflows in a single day. Institutional giants like BlackRock, Fidelity, and Grayscale are favoring ETH over Bitcoin, signaling strong fundamentals for the next growth phase.
Technical Outlook:
ETH is in a strong upward channel, trading above all major EMAs.
RSI at 78.5 shows powerful momentum.
A breakout above $3,800 could target $4,100–$4,200, near its historical peak.
Market Trend:
ETH may lead the next altseason, with capital shifting from Bitcoin as BTC stabilizes. Breaking $4,200 could trigger a parabolic bull run.
Key Levels:
Support: $3,500
Targets: $4,100 – $4,200
Bottom Line: Ethereum stands on the verge of a major breakout – short-term pullbacks aside, the bullish momentum remains strong.
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