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
Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! Ethereum has officially
Latest News
- XRP Nears $3.3 Resistance, Suggesting Potential for Bullish Breakout Similar to 2017 Pattern2025-07-19 21:10:56
- SHIB Whitepaper Suggests Various AI Types Could Shape Future, Highlighting Creative AI’s Unique Role2025-07-19 20:20:42
- Bitcoin Adoption Could Be Driven by US Dollar Decline and Macroeconomic Factors, Experts Suggest2025-07-19 20:06:44
- Bitcoin Transaction Fees May Drop as Miner Demand for Blockspace Declines2025-07-19 20:04:59
- Bitcoin Nears $120K as Altcoins Surge Past $1 Trillion Amid Early Signs of Market Rotation2025-07-19 19:39:28