ETH news update: Bulls target $3.4K, citing ETF flows and treasury buying as the fuel
2025-07-15 19:03:08
Main Idea
Traders are targeting an ETH price of $3,400, driven by ETF inflows and corporate treasury purchases, with key support and resistance levels identified for potential price movements.
Key Points
1. ETH price target set at $3,400 due to ETF inflows and corporate treasury purchases.
2. Over $1 billion in inflows into Ether ETFs since July 9, with more than 545,000 ETH purchased in the past 30 days.
3. Key support levels identified at $2,879 and $2,738; resistance at $3,083.
4. Potential price surge to $3,153 and $3,400 if resistance is broken.
5. Break below the 20-day EMA ($2,734) could indicate rejection of the breakout above $2,879.
Description
Traders pin their ETH price target at $3,400 as Ether treasury purchases and ETF inflows propel Ether price.
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