The main dishes to remember:
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Entrances and accumulation of ETH ETH registration can stimulate demand to break $ 4,000.
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The activity of the growing network and the Ethereum TVL measures report high demand.
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Eth Bull Flag Breakout targets $ 5,000.
ETHER (ETH) is approaching a critical junction as it approaches the level of resistance of $ 4,000, a barrier that she has failed to violate three times since February 2024.
This time, however, several convergent factors, including strong FNB entrances, a robust network activity and favorable graphic techniques, suggest that a breakthrough can be imminent.
“With $ 4,000 now at hand, the big question is: will Ethereum explode or will he break down?” said a popular analyst Défipeniel in an article on July 22 on X.
According to the analyst, the reduction in ETH’s supply on exchanges, the increase in upgrading the post-Shanghai Eth, and the high demand from the ETF provides a “Haussier energy cocktail” required to exceed ETH beyond $ 4,000.
Large FNB entries and cash demand
The institutional interest in ETH has increased considerably in recent weeks, driven by the entrances to FNB Record and the adoption of business treasury.
The ETF of American ETFs spots have experienced unprecedented demand, one -day entries reaching a record of $ 727 million on July 16 and cumulative net entries exceeding $ 9.33 billion since their launch in July 2024.
In relation: Sharplink buys $ 295 million Eth – more than all the ether issued last month
These investment products continue to show their strength, pulling $ 452.72 million in net entries on Friday and extending their entry sequence at 16 consecutive negotiation days, according to Sosovalue data.
The BlackRock FNB ETF alone has $ 10.69 billion, a hiding place that develops at an accelerating rate, reflecting institutional confidence. Eth ETH entries have also exceeded Bitcoin ETF for seven consecutive days, suggesting a rotation of capital in ether.
This influx of capital has moved the role of Ethereum of a speculative asset to basic institutional detention, companies like Blackrock and Fidelity depositing for FNB ETH ETH ETH to capitalize on the yield generation opportunities.
The ETH also continues to grow as a reserve as a business treasure reserve, Bitmine immersion technologies buying ETH with a value of $ 2 billion in the last 16 days, which has propelled the company to become the largest ETH company holder.
Currently, Ethereum cash companies hold 2.33 million ETH, which represents 1.93% of ETH’s circulating offer, according to strategic ether reserves.
The CEO of Galaxy Digital, Michael Novogratz, predicted that the price of the ETH will reach $ 4,000, adding that the ETH would surpass the BTC in the next six months.
The activity of the Ethereum network shows the force
The fundamental principles of the Ethereum network are almost record, daily average transactions from 1.62 million on July 25, compared to 932,000 in the last three months, representing an increase of 73%, in accordance with Nansen data. Daily active addresses reached a maximum of 670,000 of 12 months on Saturday.
The number of average weekly weekly transactions reached a summit of 107 million people last week, while the weekly DEX volumes reached a maximum of $ 22.54 billion, according to Defilma data.
The total value locked in Ethereum Defi protocols has returned to the highest levels since 2022 to 86 billion dollars, capturing 61% of the market share.
Meanwhile, the balance on exchanges fell to 15.6 million ETH, a level given for the last time before the 2017 rally, according to Glassnod data. These dynamics suggest a potential compression of the offer that could help to propel the price of ETH for the new heights of all time.
The Tarice Taureau Taurus Taureau Tars
The ETH / USD pair is well positioned to resume its earnings after having broken up a Taurus flag model on the four-hour table, as shown in the figure below.
The model was resolved when the price closed above the upper limit of the flag at $ 3,740 (where the SMA is currently located of 50 periods), signaling the start of a movement up.
The height of the flag mast fixes the objective, which projects the price of Ether increasing $ 5,000 next month, an increase of 30% compared to the current price.
The relative force index also shows bullish clues, moving to the positive region to 61. This suggests that the price can increase before the overabundance conditions are fixed.
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
