ETH's Key Targets and Support Logic After Breaking Through $4,000

Technical Targets Clear

ETH has broken through the critical double-top resistance level of $4,000, with the next target directly targeting the $4,500-$5,000 range. A break above the previous high of $4,800 would open up potential for $6,000-$7,000.

The Fibonacci extension model shows that after breaking through the $3,900-$4,200 resistance zone, $4,500 becomes the first technical target, with $5,000 representing a strong medium-term resistance level.

Institutional Funds Continue to Increase Holdings

Spot ETH ETFs saw net inflows of $4.23 billion over two weeks, bringing total assets under management to $17.24 billion. BlackRock ETHA saw a single-day inflow of $148.5 million, demonstrating strong institutional confidence.

Over 40 publicly listed companies, such as Bitmine Immersion Tech, hold ETH reserves (total value $8.84 billion), accelerating enterprise adoption. On-chain data confirms bull market foundations

Exchange ETH balances have fallen to an eight-year low (accounting for 13.5%), suggesting a supply squeeze could trigger a "supply shock" and drive prices higher.

The SOPR index remains at 1.01, indicating a reluctance to sell. The MVRV ratio points to a $4,000-5,000 range, suggesting room for unrealized profits to expand. $BTC $ETH #ETH巨鲸增持 #特朗普加密新政