š Bullish Signals Pointing Toward $4,000
Technical momentum: ETH is trading above key EMAs, approaching the $4,000 resistance zone. The market has formed bullish patterns like an ascending triangle and is rallying strongly with volumeāfactors that often precede a breakout.
Short squeeze dynamics: A major short squeeze is unfoldingāliquidations nearing $1āÆbillionāpotentially pushing ETH over $4,000 soon.
Analyst forecasts: Fundstrat, Mark Newton, and other commentators expect ETH to reach $4,000 in the short term (possibly by end of July).
Institutional backing: Continuous large inflows into spot ETH ETFs ($700M+ days), plus whales and corporate treasuries accumulating ETH, strengthening the short-term bullish thesis.
ā ļø Caveats & Resistance Ahead
Psychological barrier: The $4,000 mark is a major cap, previously rejecting price advances multiple times. Even with strong momentum, the market may stall or retrace without a clear breakout.
Potential pullback zone: Some analysts warn that a surge near $4,000 could trigger profit-taking, pushing price back to the $3,500ā$3,700 range if support doesn't hold.
š§ Verdict: Possible, But Not Guaranteed
Given strong momentum, short-squeeze pressure, institutional inflows, and bullish forecasts, a move above $4,000 this week is possible, though not assured. The market remains highly sensitive to whether $3,800ā$3,900 holds during high-volume trading.
If youāre trading ETH this week:
š Factors in favor
Short-squeeze fueling upsides
Breakout technical setup
ā ļø Risks to watch
Resistance at $4,000 could stall price
Profit-taking might induce a pullback
In short: All signs are pointing toward a runway into $4,000, but execution will depend on whether momentum continuesāand crucially, whether buyers can push through that $4K resistance. If you're holding, keep an eye on whether ETH sustains above $3,800ā$3,900. Let me know if you'd like support levels, exit strategies, or detailed TA insights!
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