The big one is coming for $ETH ! ETH showcases the "Water Floating" skill! After consolidating for 12 hours, will it break 3800 dollars tonight?
Ethereum has been consolidating between 3700-3600 for the past two days, testing the lower support at 3550 twice without breaking it. Is it preparing for the next surge?
Today, I'm here to answer your questions:
1. Institutional capital inflow: Institutions like BlackRock and Fidelity are heavily investing in ETH spot ETFs (which the SEC may approve in 2025), with first-year capital inflows expected to be between 20 billion to 50 billion dollars, similar to the bull market effect driven by the BTC ETF.
2. Moving averages: The ETH price is well above the 20, 50, 100, and 200-day moving averages, indicating a long-term upward trend. Key price levels: 3,600 dollars has been a strong support tested multiple times in July; if it breaks, it may drop to 3,300 dollars; 3,775 dollars serves as the control center, and breaking through could lead to a surge towards 4,000-4,500 dollars.
Today's secret strategy will be released internally, I've set up a long-term potential token worth 5-10 times. The first 10 people to find me will receive it for free, with step-by-step guidance.
