Ethereum Nears $3,980 Resistance Amid Whale Buys and ETF Inflows, Analysts Suggest Potential Breakout
2025-07-18 02:43:16
Main Idea
Ethereum is approaching the $3,980 resistance level, driven by significant whale purchases and ETF inflows, signaling potential for a breakout rally.
Key Points
1. Ethereum's price has risen from lows near $1,700 to test the $3,980 resistance, with potential to reach $4,200.
2. Large holders and institutions, including SharpLink Gaming and whale wallets, have purchased over $675 million worth of ETH.
3. U.S. Spot Ethereum ETFs attracted $192.3 million in inflows on July 15, with BlackRock’s ETHA ETF contributing $171.5 million.
4. Ethereum's market dominance has surpassed 10%, a level not seen since March 2020, reflecting its growing share in the crypto ecosystem.
5. Technical analysis suggests limited resistance between $3,800 and $4,200, with potential for further gains if $3,980 is breached.
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 is approaching
Latest News
- Bitcoin Options Expiry Nears $5.76 Billion, Signaling Possible Market Volatility Amid Diverging Sentiment2025-07-18 06:43:57
- Dave Portnoy Reflects on Missed Gains as XRP Surges Amid US Crypto Legislation Developments2025-07-18 06:29:15
- Galaxy Digital’s 10,000 BTC Transfer May Indicate Potential Market Shifts in Bitcoin2025-07-18 06:28:48
- XRP Gains Momentum as Stellar (XLM) Surges, Potentially Challenging Top 10 Crypto Rankings2025-07-18 06:14:42
- SharpLink Gaming May Expand ETH Holdings After $515M Purchase Amid Increased Equity Offering2025-07-18 06:13:56