Ethereum ($ETH ) – Rallying into Uncharted Territory
Eth has ignited a powerful bull run, pushing past key resistance levels, and drawing keen attention from institutions and technical analysts alike.
Key Highlights:
ETH has surged over 23% in the past week and more than 56% over the last month, showcasing its dominance as a leading growth asset.
The rally is being driven by massive institutional and corporate accumulation—treasury holdings hit 2.7 million ETH, up 127% in July alone.
ETH smashed through $4,500—its highest level since early 2022—before pushing higher as exchange outflows indicate long-term holding.
Institutional investment is reinforcing momentum, with spot ETH ETFs amassing over $27.6B and capturing nearly 5% of ETH’s market cap.
Standard Chartered raised its year-end ETH forecast to $7,500, citing booming demand from stablecoin activity on Ethereum. Their long-term target? A staggering $25,000 by 2028.
Trend Signals & Technical Outlook:
1. Momentum Ignition – ETH’s breakout above $4,000 and rapid climb signals institutional conviction and technical strength.
2. Elliott Wave & Golden Cross Patterns – The chart reflects bullish setups and moving average crossings—classic indicators of a sustained uptrend.
3. Altcoin Leadership – ETH is not just rising—it’s outperforming the market, positioning itself as a beacon in the broader altcoin rally.
