• Trading at $ETH $4,317.31 with a weekly increase of 16.39% and a monthly increase of 45.72%
• The market cap reached $521.78 billion with a trading volume of $37.17 billion and a market dominance of 12.63%
• Technical indicators point to overbought conditions (RSI above 70), indicating a likelihood of short-term volatility
• Formation of a cup and handle pattern, suggesting a potential continuation of the rise towards previous ATH ($4,891)
Supportive factors for the rise
• Regulatory developments: GENIUS Act providing a framework for stablecoins; SEC's 'Crypto Project' reducing ambiguity
• Technical improvements: Pectra upgrade (May 2025) and upcoming Fusaka testnet (Q3 2025)
• Institutional adoption: Corporate ownership of ETH increased by 127.7%; ETFs now hold 4.7% of the supply
• Blockchain activity reached 1.74 million daily transactions as a record
Trading strategy
• Critical resistance: $4,300 - $4,340 range; a breakout targets $4,500
• Support levels: $4,100 - $4,200 range, with stronger support at $3,300
• Current sentiment: 86.96% of users are bullish on Binance Square; 53.09% of margin positions are open for buying
• Risk management: Monitor signals for profit-taking if the $4,300 level does not hold; consider increasing positions during pullbacks
• Warning signals: $100 million from the recent liquidation (57.83% long-term); $465 million outflow from ETF funds; whale sales at $4,161
Community opinions
• Institutional buying drives the market: ETFs hold 5.43 million ETH; one whale accumulated 65,001 ETH
• Technical analysts maintain a bullish bias despite short-term overbought conditions
• Opposing voices indicate risks of excessive margin use and the possibility of price retracing to $4,100 before the trend continues#EHT #ETHETFsApproved #Binance #bitcoin #BitcoinDunyamiz $ETH
