Ethereum projections shift bullish: Is $3K in Q3 possible?
2025-07-09 18:11:24
Main Idea
Ethereum's market projections are turning bullish, with potential for a breakout to $3K in Q3, supported by strong accumulation near $2,500 and increased spot ETF inflows.
Key Points
1. Ethereum's 7% rally to $2,620 is a technical breakout from a tight range below $2.4K, with a 23% surge in under twenty trading sessions.
2. Over 3.45 million ETH has been accumulated in the $2,513-$2,536 range, marking a strong support zone.
3. Spot ETH ETFs saw a $148 million inflow spike on July 3rd, with total July inflows reaching $300 million, indicating steady spot-driven demand.
4. Ethereum's Open Interest (OI) is at $36.5 billion, nearing mid-June highs of $41.75 billion, suggesting renewed market interest.
5. A previous May-June cycle saw ETH fail to break $3K, leading to a 20% drop, but current conditions may support a stronger Q3 performance.
Description
Bull trap or breakout? Ethereum's about to pick a side.
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