While Bitcoin cools off near $117K, #Ethereum is heating up — climbing nearly 3% from Tuesday’s low and inching back toward the $4,000 mark 🔥
🟣 Key Drivers Behind ETH Momentum:
• 18 days of spot ETF inflows: $5.51B since July 3 📊
• Hints of staking approval for U.S. Ethereum ETFs 🏛️
• Growing institutional & treasury accumulation 💼
• Softer SEC stance under Trump-era regulatory tone ⚖️
💬 Analysts now eye a $5,000 breakout, with macro tailwinds and potential short squeeze setups ahead. A stable Fed decision and booming tech/AI sentiment could be the fuel ETH needs.
🧠 “Conditions are primed for a sharp move,” says Derive’s Sean Dawson. “A new ATH by Christmas isn’t off the table.” 🎄
📍Current range: Support near $3,500 | Resistance around $4,000
Next stop? 🚀 $5,000
#FOMCMeeting #EthereumTurns10 #ETHCorporateReserves #BinanceHODLerTree