🔥 Ethereum Eyes $4K Breakout: Bull Flag, ETF Inflows & Network Surge 🔥
ETH is approaching the $4,000 resistance—a barrier it has failed to breach three times since Feb 2024—though this cycle looks different.
💧 Drivers:
• Spot ETH ETF inflows exceeded $9.33 B since launch
• Corporate treasury demand rising: BitMine added $2 B+ ETH
• BlackRock’s ETHA ETF now holds $10.69 B+
📊 On‑chain:
• Daily TXs: 1.62M (up 73%)
• Active addresses: 670K (12‑mo high)
• DeFi TVL: $86 B (~61% of total)
• Exchange ETH balances down to 15.6M—supply supply squeeze
📈 Chart Signals:
• Bull‑flag breakout confirmed above $3,740
• Target: $5,000 (~30% upside)
• RSI stays bullish at 61—room to grow
#Ethereum #ETH🔥🔥🔥🔥🔥🔥 #CryptoNewss #SpotETF #DeFi #OnchainData #BullFlag #CryptoAnalysis