Ether Leeum has exceeded $ 3,800 and has been invisible since early 2024. The second largest cryptocurrency due to market cap has increased more than 50% without a single significant retreat since the end of June. The current rally was supported by increasing momentum, increasing institutional demand, and increasing clarity of regulatory fronts.
This latest movement predicts that Ether Leeum is on a noticeable distance of $ 4,000 psychological resistance and many analysts can escape on the coming days. The on chain indicators and market structures continue to show signs of intensity because ETH is maintained more comfortable than the main moving average and the previous resistance level is supported.
If the optimistic trend continues, more than $ 4,000 pushes to open the new multi -moon highs and potentially trigge the next major legs. All eyes are now the ability to maintain propulsion and challenge the level of resistance as optimistic feelings spread.
The ETF introduces fuel Ether Leeum rally, but pays attention.
The chief analyst is a strong signal that the Ted pillow has been sharing last week, and the inflow of Etherum ETF has soared to $ 2,182,400,000, and institutional appetite for ETH is accelerating. The pillow suggests that Etherrium FOMO has just begun because traditional investors see assets as vehicles that can be invested because of the recent regulatory clarity of the United States. As the legal framework is more defined, Ethereum benefits from its position as a major smart contract platform in maturity encryption ecosystem.
Inflow reflects new trust in Ether Leeum's long -term value. In particular, inflow is especially because the foundation is strong and institutional demand continues to be established. The inflow of this capital helped ETH regained $ 3,800 and maintained a powerful rise in the late June. But some analysts are carefully maintained. Trends are clearly preferred for the bull, but the market has not yet seen healthy relief corrections to establish a harder foundation to reset the momentum and to rise greater.
As Ether Lee approaches $ 4,000 for the first time since December, the price behavior of the next few weeks will be decisive. The bull now focuses on going beyond this level to continue to check, but the possibility of short -term integration remains in the table. The amount of exercise is strong, but the short cooldown can strengthen the foundation of the next movement.
ETH Weekly Chart shows tremendous power
Ethereum's weekly chart, which is currently invisible since early 2024, checks for a strong evacuation with a transaction of about $ 3,800, which occurs after a $ 2,852 support and a $ 3,742 resistance area. This movement, supported by volume rise and steep slopes of price behavior, reflects powerful optimistic momentum. More importantly, Ether Leeum is currently doing a much higher transaction than the 50, 100 and 200 week moving average, which is near $ 2,400- $ 2,700. This adjustment of the long -term MAS under the price provides a solid foundation for additional rise.
This structure now reflects the initial stage of Ether Leeum's previous bull cycle. If the bulls can maintain and decisively push more than $ 4,000 in control, ETH will be able to enter the price discovery stage that aims for a new all -time high in the late this year. However, this level is still at the table, as it has been proven to be a major resistance in the past, as shown in early 2022 and late 2023.
In other words, the sharp rally, which has not returned since June, increases the likelihood of short -term integration or modification. Nevertheless, the overall trend is optimistic, and Ether Lee's favor is clear.
DALL-E's main image, TradingView chart
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