I finally touched Ethereum The price level is 3000 dollars again After spending weeks trading in narrow The domain is under $ 2,800. This last penetration, although it is summarized, represents the first time that Ethereum has recovered this level since early February. According to technical analyst Merlijn Trader, the next destination for Ethereum is already exceeding $ 3,000 on the horizon.
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The outbreak of the bull flag to the ETHEREUM scale
Ethereum went through an interesting gathering collection last week alongside Bitcoin pushed to a new one at all Rally. However, this gathering in Ethereum prices, which saw it touched $ 3000 again, was not on the basis of momentum A sparkle of bitcoin alone. This is because Ethereum itself witnessed a large institutional interest in Spot ethereum.
according to Data from SosovalueThe United States -based ETAREM ETFS has registered its headquarters, 907.99 million dollars last week, and the best week since the launch of products in July 2024. Thursday, July 10, has highlighted the flows of $ 383.10 million, making it the largest flow of one day for the ETHEREUM ETF in 2025 so far.
In a joint publication on the x social media platform, Merlijn Cryptology Indicate Science bull collapse on the diagrams of the daily candles of Ethereum. Interestingly, the technical preparation proposed by the analyst follows the reflection of the fall of the fall that preceded the current upward trend.
According to the graph associated with its analysis, the falling wedge that led to a reflection from the highest levels of December 2024 to its lowest level in April 2025, with the outbreak of mid -May. The penetration eventually witnessed that Ethereum is included in a narrow monotheism that resembles science between May and June, until the last outbreak of $ 2700.
This style He now decided on the upward trendAnd the next technical level of attention is a measured step based on the price procedure that formed the pillar of the bull science. This measured step puts the next technical level for the price of $ 3,834.
80 % of ETH is now in profit
Indicators on the series as well Check the validity of the current power of Ethereum. According to data from the series Analysis platformThe price of Ethereum has been dancing around the brand of $ 3000 since Friday, as it expressed it several times inside the day. During this back and forth, 124.13 million ETH out of a total of 155.04 million offers crossed to profitability, which represents 79.96 % of all symbols. This reading is particularly interesting because it is the highest recorded percentage since January 2025.
The same data shows that ETHEREMM is only 13 million coins from matching the total profit at all levels in the profitability recorded in December 2024. This shift tends towards a heavy profit network to encourage long -term behavior, which can be translated to, which can be translated into it. Low sales pressure Next week. In turn, Ethereum may see a daily candle above $ 3000 and move towards the price of $ 3,834 during the new week.
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At the time of writing this report, ETHEREUM is traded at $ 2960, an increase of 17.5 % over the past 24 hours.
Distinctive image from Unsplash, tradingvief chart
The post $3,834 Target Comes Into View first appeared on Investorempires.com.
