The analysis you provided indicates mixed signals regarding the price of Ethereum (ETH) in the near future, with notable points:
Current situation:
1. Inflow into ETH ETF: Over 70 million USD for 6 consecutive days is a positive sign, indicating significant interest from institutional investors. This could provide upward momentum.
2. Important support and resistance levels:
• Important support: 3000 USD.
• Near resistance: 3400 USD.
• Greater resistance: 4200 USD.
3. Trading volume: Although the price of ETH is showing growth, stable trading volume indicates a lack of strong market support, making the trend potentially unsustainable.
4. RSI index: A monthly RSI sustained above 40 is a positive signal, indicating that ETH could maintain long-term upward momentum if it does not drop below this level.
Possible scenario:
1. Positive case (bullish):
• If the price of ETH surpasses 3500 USD with support from trading volume, the price may advance to 4000 USD and even 4200 USD, triggering a stronger rally.
• Spot Ethereum ETF and new investments could create the next bullish wave, pushing ETH price above the historical high.
2. Negative case (bearish):
• If the price of ETH drops below 3000 USD, bears may push the price down to lower demand zones. However, this could trigger renewed investor participation, especially if the RSI remains above 40.
3. Consolidation (sideways):
• ETH may remain in the range of 3000-3400 USD if there are no breakthrough factors in volume and market sentiment. This period may last until Q2 2025 before a clearer trend emerges.
Forecast:
• Short term: ETH is likely to continue fluctuating in the range of 3000-3500 USD, with a prevailing consolidation trend.
• Long term: If institutional investors and Ethereum-related projects (like Etheralize) continue to grow, the price of ETH may aim for the 4000 USD mark and beyond in Q1 or mid-2025.