Recovers Despite Interest From Instructions.
ETH is currently trading at $3,859.80, breaking the critical resistance of $3,800. This 48.7% increase in July represents a rise of $4,000 as the next key target.
Technical indicators show momentum despite overbought conditions in RSI readings of 76 to 78.85.
Institutional Catalysts
Institutional investors poured $1.59B into ETH last week, with BTCS Inc. increasing stocks by 300%. The CEO of Galaxy Digital warns that this demand could trigger a supply shock.
while the capital rotation from traditional markets accelerates. ETF inflows remain strong, particularly due to BlackRock's offerings.