These Data Points Suggest Ether Price Could Soon ‘Blast Through’ $4K

Main meals:

• ETHEREUM ETF and accumulates by ETH Corporate bonds can pay the demand to break $ 4000.

• High network activity and Ethereum TVL indicates a strong demand.

• Eth Bull Flag Breakout targets $ 5,000.

ETHER (ETH) is close to a critical turn because it approaches the level of resistance of $ 4,000, a barrier that has failed three times since February 2024.

This time, however, many close factors, including strong ETF flows, strong network activity, and favorable technology, indicate that a penetration may be imminent.

“With 4000 dollars now on hand, the big question is: Will Ethereum explode or collapse?” He said The famous Defipeniel analyst on July 22 on X.

According to the analyst, reducing ETH supplies on exchanges, increasing ETH Staped Eth Post-SHANGHAI, and high demand for ETF provides a “cocktail of upscale energy” required to pay ETH to $ 4000.

Large ETF flows and demand for the cabinet

Institutional interest in ETH has increased significantly in recent weeks, driven by ETF flows, which they lack recorded and the adoption of corporate cabinets.

The United States -based Ethereum ETFS has witnessed an unprecedented demand, with a day’s flows of $ 727 million on July 16 and a cumulative net flowing exceeding $ 9.33 billion since its launch in July 2024.

Related to: Sharplink buys $ 295 million in ETH – more than all last month issued

These investment products continue to show strength, withdrew 452.72 million dollars of net flow on Friday and extending the flow chain to 16 consecutive days, according to Data From sosovalue.

ETF of Blackrock alone owns $ 10.69 billion, and it is hidden that grows at an accelerated pace, which reflects institutional confidence. Inflores in ETH ETFS also outperformed the Bitcoin investment funds for seven days in a row, indicating the rotation of capital in the ether.

On this flow of capital, the role of ETHEREUM of speculative assets to a basic institutional contract, with companies such as Blackrock and Fidelity for Staked EtFS to take advantage of the chances of generating return.

ETH also continues to grow as a cabinet reserve for companies, as bitten indulging technologies buy $ 2 billion in the past 16 days, prompting the company to become the largest car holder ETH.

Currently, the ETHEREUM Treasury companies owns 2.33 million ETH, which amount to 1.93 % of the ETH supplies. According to To the strategic ether reserves.

Michael Novugratz, CEO of Galaxy Digital, expected the price of ETH to $ 4000, adding that ETH will outperform BTC in the next six months.

Ethereum network activity shows strength

ETHEREUM networks are close to the highest record levels, as the average daily transactions have risen to 1.62 million on July 25 of 932,000 over the past three months, which represents an increase of 73 %, according to Data From Nansen. Daily active headlines rose to the highest level in 12 months at 670,000 on Saturday.

The average number of weekly transactions increased to the highest level ever at 10.07 million in the past week, while the weekly DeX sizes rose to 21 weeks at 22.54 billion dollars, according to data from Davil.

The closed total value in the Defi’s Ethereum protocols has returned to the highest levels since 2022 at 86 billion dollars, with 61 % of the market share.

Meanwhile, the balance on the stock exchanges decreased to 15.6 million ETH, which is another level of viewing before the 2017 gathering, according to the glass. Data. These dynamics indicate a potential pressure of supply that can help pay the price of ETH towards its highest levels ever.

The bull brand targets the price of the ether 5000 dollars

The ETH/USD pair is in a good position to resume his gains after getting out of the bull science style on the graph for four hours, as shown in the figure below.

The pattern was resolved when the price closes higher than the upper limits of science at $ 3,740 (where SMA is now 50 periods) on July 26, indicating the beginning of an upward movement.

FLIGHTPOLE’s height, which increases the price of ETHER to $ 5,000 as soon as possible next month, determines a 30 % increase from the current price.

The relative strength index also shows bullish signals, moving inside the positive area in 61. This indicates that the price can rise before the excessive conditions in the peak are determined.

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.