🔥 $ETH breaks $3,700 with institutional record: Is it on the way to $4,000?
📊 Current price and clear technical structure
ETH is trading at $3,692.54, after surpassing $3,600 and maintaining support around $3,500. The price consolidated after breaking an upward channel, now seeking resistance at $3,800.
⚙️ Key factors
+$726 M in daily inflows to ETFs on July 16, raising the total to $2 B just in July
Institutional + corporate: companies accumulating ETH in treasury (BitMine, SharpLink with +$1 B)
Daily RSI in overbought (~83), but with a technical “buy” signal established at 40, pointing towards a new bullish cycle 2025–2026
DeFi and zkEVM in motion: Jito upgrade increases efficiency and reinforces fundamental narrative
🔧 Technical level of the day
📌 Key support: $3,600 – EMA20/50 daily
📌 Immediate resistance: $3,800–$3,850
🎯 Critical zone: breaking $3,800 with volume opens the way to $4,000, next target at $4,200
🌐 Institutional outlook / macro vision
SeekFi and Fidelity drive ETH with ETFs and scarcity via staking, boosting the narrative of “productive asset” compared to the Bitcoin model. Record revenues and corporate interest sketch a bullish background (turn0search1, turn0search20, turn0search7).
Will $ETH reach $4,000 this week or will we see a technical pause first?
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