๐ After weeks of sideways action below $2,800, Ethereum ($ETH) has surged past $3,000, confirming a bull flag breakout and putting a $3,834 technical target back on the table.
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๐ Key Drivers Behind the Move:
๐น Bull Flag Pattern Breakout
โข From a falling wedge (DecโApr) to a flag breakout in July
โข Measured move target = $3,834
๐น Massive ETF Inflows
โข $907.99M in US Spot Ethereum ETF inflows last week
โข July 10 alone saw $383.1M โ the highest of 2025
๐น On-Chain Strength
โข 124.13M ETH (80%) now in profit
โข Highest profit ratio since Jan 2025
โข Encouraging long-term holding sentiment, reducing near-term sell pressure
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โ If ETH holds $3,000 daily close, bulls eye $4,000+ next.