🚨 ETH Near Breakout? 🚨
Ethereum ($ETH) hit a wall at the $4K resistance this weekend — rejected but still holding strong. 📉 Volatility cooled off, dipping from 53.9% → 47.6%, and whale activity plunged from $21.3B → $5.9B in a week. About $124.5M in liquidations hit both longs & shorts.
Retail buyers seem to be taking a breather 😴, locking in profits after weeks of gains. But institutions? Still stacking hard 💼 — ETH spot ETFs saw $452M inflows on July 25 alone, marking the 16th straight day of gains.
Right now, ETH sits around $3,807, down just 0.37%. Staying this close to $4K without dumping is a bullish sign 📈.
- Break above $4K → possible push to $4.1K, then $4.9K 🚀
- Dip below EMA20 → could retest $3.5K
- RSI’s cooling near 51, but a bounce above the 23.6% Fib could set the stage for the next rally.
👀 My take: Short-term traders might be cautious, but the macro still looks bullish. Institutions are here, and that could be the fuel ETH needs for the next leg up.