š Key Drivers Behind the Push #ETH4500Next?
1. Institutional Buying
⢠Spot $ETH ETFs are pulling in hundreds of millions in inflows (over $700M in July).
⢠This is creating sustained buying pressure.
2. Whale Accumulation
⢠Large holders added ~$667M in $ETH recently.
⢠Exchange reserves are dropping, meaning less selling pressure.
3. Regulatory Tailwinds
⢠Positive U.S. policy shifts (e.g., 401(k) crypto inclusion) are boosting investor sentiment.
4. Technical Strength
⢠ETH broke above $4,200 with strong volume.
⢠Next big resistance = $4,500.
⢠Above $4,500, targets extend to $4,800ā$5,000 (near ATH).
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ā ļø Risks & Cautions
⢠Overbought signals: RSI is high ā short-term pullback possible.
⢠Bearish divergences: Some charts hint at slowing momentum.
⢠Profit-taking zone: $4,500 is a historical sell area for many traders.