Ethereum ($ETH ) has raised alarms in the market by reaching a new 7-month high, trading close to $3,745 USDT. With this explosion of interest and record flows in Ether ETFs, the debate intensifies: is it time to take advantage or should we prepare for a pull-back?
🔍 Context and technical data
$ETH marks eight consecutive sessions upward, surpassing $3,800, its highest price since December 2024.
The current rally has been driven by a short squeeze: over $1 billion in short positions could be liquidated upon surpassing $4,000.
Institutional interest continues to push upward: $ETH ETFs attracted more than $2–3 billion in July, while whales accumulate large volumes.
🌎 Related news
Ethereum spot ETFs continue to set records: in just one week, they surpassed $2 billion in net inflows. Additionally, large funds like BlackRock and Fidelity consolidate their bet on ETH, maintaining strong optimism for reaching $5,000–$8,000 before the end of the year.
📈 NómadaCripto's interpretation
This movement is no coincidence. The combination of excess short positions, ETH withdrawals from exchanges, and a real capital rotation towards altcoins creates an explosive cocktail. The psychological resistance at $4,000 will be decisive. If broken, we could see short-term targets between $4,000–$4,500, and if sustained, the goal could rise to $5,000–$8,000 as projected by analysts like Tom Lee.
🎯 Practical strategy
1. Isolation and low leverage while the breakout is confirmed.
2. Gradual inflows after surpassing $3,800 and testing $4,000 as support.
3. Impeccable risk management with stop loss slightly below, aiming to capture the next upward move.
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