Ethereum Price Could Reach $3,400 Amid ETF Inflows and Treasury Purchases, Analysts Suggest

Key Points

1. Over $1 billion has flowed into Ether ETFs since July 9, indicating strong institutional demand.

2. Ethereum treasury companies have purchased over 545,000 ETH in the last 30 days, reinforcing bullish sentiment.

3. Technical analysis shows ETH faces resistance near $3,083, with key support levels at $2,879 and $2,738.

4. A breakout above $3,083 could push ETH toward $3,400, while a drop below $2,734 may lead to a decline to $2,500.

5. Mixed signals include a bearish head-and-shoulders pattern and negative RSI divergence, suggesting potential short-term weakness.