Just watched $ETH push up to around $3,792, up nearly 4% in 24 hours. Price action is heating up — from a low of $3,540 to now knocking on higher doors. I’ve been tracking this closely, and the momentum looks real.

🔍 Here’s why I’m paying attention:

  • 🟢 Massive ETF Inflows

Since July 4th, U.S. spot ETH ETFs have pulled in over $2 billion. That’s no small number. Institutions are clearly warming up to Ethereum.

  • 💼 Big Money Moving In

Firms like BitMine are stacking millions in ETH. When smart money enters, I take notes.

📊 On-Chain + Fundamentals = Bullish Setup

  • NUPL shows most investors are in profit, but not exiting — bullish signal.

  • MVRV suggests ETH is still undervalued relative to its realized price.

  • Exchange balances keep dropping. Long-term holders aren’t selling. Supply squeeze vibes? 👀

📈 Technical Picture: Very Promising

  • Golden crossover: 50-day MA is now above the 200-day — classic bullish signal.

  • Bull flag pattern just broke — and targets range between $3,745 and $4,900.

  • Support: $2,940–$2,980

  • Resistance: $3,800+ is next; $4K is in sight

📆 What I Expect Next:

🔹 Short-Term (1–2 weeks):

We may chop around $3,800–$4,000, but bias is bullish. Options market shows rising call activity — that’s confidence.

🔹 Mid-Term (1–3 months):

Targeting $4,000–$4,900 if this breakout sustains. CCN and others are even hinting $4,900 post-bull flag.

🔹 Long-Term (6–12 months):

With institutional buying and possible regulatory clarity (GENIUS & CLARITY bills), $5K–$10K ETH could be more than a dream.

⚠️ What Could Go Wrong?

  • Quick pumps = risk of sharp corrections — above $3,900 could trigger profit-taking.

  • Regulatory uncertainty still lingers.

  • Macro stuff like inflation/Fed moves can shake things up fast.

💡 My Strategy (Not Financial Advice — Just My POV):

  • ✅ Looking to enter: Support between $3,500–$3,600 feels like a decent entry range

  • 🎯 Profit-taking levels: $4,000–$4,200 (first target), then eyeing $4,900+ if strength holds

  • 🛡️ Risk management: Stop-loss under $3,400 — gotta protect that capital!

📌 TL;DR

ETH is showing strong signs — both technically and fundamentally.

  • Short-term: 🔥

  • Mid-term: 🚀

  • Long-term: 💎

But I’m staying smart. Strategy > FOMO. Let’s see if Ethereum delivers the fireworks 💥

#ETHBreaks3700 #StrategyBTCPurchase #GENIUSAct #AltcoinSeasonLoading #BinanceHODLerERA