Just 2 days ago, everyone was calling for $ETH to break 4000, I said 3500, and here we are.

⚠️ 22 July — $ETH Update


#ETH is approaching a major resistance zone between 3,890 and 4,105 — a strong high.

From a technical perspective, if this level is broken, it could trigger massive money inflow into ETH, likely resulting in a sudden large green candle. The best approach here is to pause and watch, because after that initial spike, a sharp correction is highly probable as traders take profit.

If that correction occurs, the next level to watch is around 3,500. However, before reaching that, the current resistance block will likely flip into strong support, and that support must first be broken.

Personally, I’m noticing notable outflows from ETH today along with dry price action. Whenever the market goes quiet like this, something big is usually brewing behind the scenes.

Let’s see where this leads.

#ETHBreaks3700