Ethereum Nears $4,000 Resistance Amid Rising ETF Inflows and Network Activity, Bull Flag Targets $5,000
Main Idea
Ethereum is approaching the $4,000 resistance level due to strong ETF inflows, increased network activity, and a bullish technical pattern, with a potential target of $5,000.
Key Points
1. Spot Ethereum ETFs in the US have seen record inflows, including a single-day injection of $727 million and total net inflows surpassing $9.33 billion since July 2024.
2. Corporate treasuries are accumulating ETH, with holdings now at 2.33 million ETH, nearly 2% of the total supply.
3. Ethereum's network activity is robust, with daily transactions up 73% over three months and active addresses hitting a 12-month peak of 670,000.
4. The total value locked (TVL) in Ethereum-based DeFi protocols has reached $86 billion, the highest since 2022, capturing 61% of the DeFi market share.
5. A bull flag pattern on the ETH/USD chart suggests a potential price target of $5,000, supported by technical indicators like the RSI.
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 nearing
Latest News
- SEC Postpones Truth Social Bitcoin Spot ETF Decision, Potentially Influencing BTC Market Sentiment2025-07-28 23:06:34
- Ethereum Treasuries May Offer Staking Rewards Amid Liquidity and Smart Contract Risks, Bernstein Notes2025-07-28 22:54:33
- SEC May Extend Review on Truth Social Bitcoin ETF Amid Regulatory and Ethical Considerations2025-07-28 22:41:14
- $BIO, $EUL added to Coinbase roadmap2025-07-28 22:28:46
- Tether USDT Supply Rises Amid Stablecoin Outflows, Suggesting Possible Risk-Off Pressure on Bitcoin2025-07-28 22:27:55