*🚀 $ETH Ethereum Rally Begins: Eyes on $5,000! 🤯*
*📈 Current Situation & Market Sentiment:*
- Price: $3,712 (4% gain in 24 hours)
- ETF inflows: $2 billion since July 4th, indicating growing US investor interest
- Institutional buying: Firms like BitMine adding millions of ETH to balance sheets
*⚙️ Fundamental & On-Chain Indicators:*
- MVRV and NUPL metrics in "in-the-money" territory, reducing selling pressure
- Exchange balance decreasing, increasing supply squeeze risk
*🔧 Technical Analysis:*
- Golden crossover formation observed (50-day MA above 200-day MA)
- Bull flag formation increasing likelihood of upward breakout
- Support: $2940–$2980; Resistance: $3800 and $4000+ ranges
*📊 Short- and Medium-Term Probabilities:*
- Short-term (1–2 weeks): Uptrend likely to continue; volatility expected in $3800–$4000 range
- 1–3-month period: $4,000–$5,000 range possible
- Long-term (6 months – year-end): Potential to reach $5,000–$10,000
*✅ Strategy Recommendations:*
- Entry points: Support zones around $3500–$3600
- Take-profit: Initial targets $4000–$4200; potential for $4900–$5000
- Risk management: Place stop-loss below support level (e.g., $3400)
*🎯 Summary:*
$ETH Ethereum is in a strong uptrend, supported by technical and fundamental signals. Volatility is expected, so a cautious strategy with stop-loss and staggered buy-sell is recommended. 🚀💡 #Ethereum #crypto #BullRunAhead #Binance