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
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