$ETH Market Update: Leading the Bull Run! 🚀
ETH trading strong at $4,613.93, up 7.54% after bouncing off $4,200 support 💥🛡️
Testing key resistance near $4,647.70, with breakout targets $5,500–$6,000 ahead 🎯🔥
Standard Chartered lifts year-end target to $7,500 📈💎
Crushed Changelly’s Aug 22 forecast of $4,441.63! 🚀💪
Bullish Moves 💰
$290M flowed into ETH ETFs + BitMine’s $20B acquisition plan boosting confidence 🐋💼
Whale action pumping $334M into ETH positions 🐳💸
Tether minted 1B $USDT on Ethereum, fueling liquidity 🔥🌊
Liquity Protocol V2 launch upgrades DeFi functionality 🔧⚡️
Bearish Signals ⚠️
BlackRock’s $254M ETH sale sparks some jitters 🏦😬
MACD shows negative momentum despite price gains 📉📊
RSI in overbought zone—beware of a short-term pullback ⚠️🔄
$83M long liquidations show market vulnerability ⚡️💔
Trading Tips 📌
Watch resistance at $4,650-$4,700, support holds at $4,200 🛡️
Breakdown risks target $4,100 if support fails 😟
Long/short ratio at 67.61, bullish bias prevails 👍💥
Consider scaled entries near support with stops under $4,200 🛑
Keep an eye on ETF flows & whale moves for trend confirmation 👀🐋
$ETH is firing on all cylinders—but stay sharp! ⚡️🔥
