Ethereum Breaks Key Resistance Near $4,113 Amid ETF Inflows and Whale Buying, Targeting Potential $6,700 Range

Key Points

1. Ethereum surpassed the $4,113 resistance level, signaling medium-term upside potential with a target around $6,766.93 based on technical patterns.

2. Ethereum ETFs attracted $402.5 million in inflows on July 18, with BlackRock's ETHA ETF capturing 98% of the total, pushing ETF assets to $18.37 billion.

3. Whale activity, including a $50 million ETH purchase, and large transactions exceeding $18 billion in 24 hours, indicate strong market engagement.

4. Technical indicators show short-term overbought conditions with an RSI of 85.36, but bullish divergence in the MACD suggests continued upward momentum.

5. Ethereum's breakout is supported by structural ETF demand, whale accumulation, and favorable technical patterns, positioning it for potential growth toward $6,700.