Ethereum Enters Potential Wyckoff Markup Phase Amid Rising ETF Inflows and Whale Accumulation
2025-07-19 00:25:08
Main Idea
Ethereum has entered a potential Wyckoff markup phase, breaking above $3,500, driven by institutional ETF inflows and strong technical indicators, with $4,000 as the next key target.
Key Points
1. Ethereum broke above the $3,500 resistance level, signaling a strong uptrend and entering a Wyckoff markup phase.
2. Spot Ethereum ETFs saw $2.27 billion in inflows in July, with BlackRock’s ETHA fund attracting nearly $500 million.
3. Whale accumulation surged by 95% month-over-month, totaling approximately 1.49 million ETH, with entities like SharpLink Gaming holding significant amounts.
4. Technical indicators, including the RSI and MACD, support a bullish outlook, with the 50-day and 200-day moving averages reinforcing upward momentum.
5. The next key resistance level for Ethereum is $4,000, with market focus on overcoming this hurdle to sustain the bullish trend.
Description
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