$ETH break support: will the rise continue or will there be a pullback?

Ethereum is currently trading near USD 3,594 (+1.3% since July 19), after reaching lows of USD 3,368 in the middle of the month.

The momentum comes from inflows via institutional ETFs and lower liquidity on exchanges, according to MVRV and NUPL metrics.

According to technical analysis, the structure suggests that ETH could reach USD 4,150, although there are key resistances at USD 3,675 and 3,950–4,000; a pullback to USD 3,400 would serve as an accumulation zone.

Suggested action: If you hold ETH, consider moving part of the portfolio to higher levels and adjusting stop losses.

If you are monitoring, a bounce from USD 3,400 could provide a good window of opportunity. #ETHBreaks3700