🚀 Ethereum Soars to $3,480 — What's Fueling the Rally?
$ETH just surged to ~$3,480, gaining 9.9% in 24h, breaking key resistance with $63B+ volume and $419B+ market cap. Let’s break down the catalysts and how to trade this move 👇
🔥 Why ETH Is Pumping:
✅ Massive ETF Inflows:
• $726M in July, $386M on Thursday (biggest day of 2025)
• BlackRock, Fidelity & Grayscale hold ~5M ETH (4% of supply)
• ETF demand outpaces new ETH issuance by 107x
✅ Institutional Accumulation:
• Whales (10k+ ETH) hold 41M ETH (+9.3%)
• $640M surge in futures open interest
• SharpLink Gaming adds $32M to ETH treasury
✅ Regulatory Momentum:
• US bill H. Res. 580 passed
• New ETFs propose 15% ETH allocation
• $10K ETH possible if staking-enabled ETFs approved
✅ On-Chain & Social Buzz:
• 32.8M ETH staked (post-Pectra upgrade)
• ETH/BTC ratio rising = altseason fuel
• $40M in shorts liquidated = confirmed squeeze
📊 Technical View:
• Breakout above $3,300 confirms bullish pattern
• RSI ~73 = strong but near overbought
• MACD bullish crossover supports trend
• Key zones:
• Support: $3,175–$3,300
• Resistance: $3,500–$3,800
• Target: $4,900+ if momentum holds
📈 Trade Strategy:
• Buy dips at $3,175–$3,300, target $3,800–$4,900, SL below $3,100
• Short near $3,500 if RSI > 80, target $3,100, SL above $3,550
• Accumulate on pullbacks below $3,200 for long-term ($10K+ target)
• Use MACD/RSI for entries, follow ETF & whale data
Do check for $BTC breakout as well.
📢 ETH’s rally is backed by real flows, strong tech, and bullish regulation — not just hype. Let's discuss below. 👇
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