🔥 $ETH rebounds to $3,838 as ETFs break records – heading towards $4,000?
📊 Current price and clear technical structure
Ether is trading at $3,838.06, fluctuating between $3,739 and $3,862. After a drop from $3,900, ETH consolidates within its bullish channel with firm support above $3,780–$3,800.
⚙️ Key factors
Ethereum ETFs have recorded record inflows of $453M on July 25, extending a streak of 16 consecutive days of net inflows.
BlackRock dominates the flows with $440M daily, bringing assets under management to ~$20.6B, equivalent to 4.6% of the total ETH market cap.
On-chain activity surges: volume nearing May 2021 levels, and cumulative buying by whales of +30K ETH ($114M) in the last 24 hours.
🔧 Technical level of the day
Support: $3,780–$3,800
Resistance: $3,900–$4,000
Critical zone: maintaining above $3,800 boosts the possibility of breaking towards $4,000+, while a close below $3,760 could trigger a correction towards $3,700.
🌐 Institutional outlook / macro view
Institutional appetite for Ethereum is growing exponentially, with ETFs accumulating at a rate higher than the annual issuance (15x according to Galaxy Digital). Models like the Rainbow Chart project prices between $4,752–$6,901 for August 1 if momentum is maintained.
Do you think ETH will break $4,000 this week, or are you expecting a deeper technical correction? Share your view 👇
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