powellwat

📊 Price Action & Market Sentiment
$ETH is trading around $4,316.5 (-4.75%), slipping below the $4,300 support as the broader crypto market faces a pullback. While short-term pressure is evident, ETH still holds weekly gains of +4.5%, showing resilience beneath the surface.
🐋 Whales & Institutional Flows
Smart Money Buying: Over 130K ETH ($470M+) scooped up by whales/institutions, reflecting long-term confidence.

ETF Momentum: Spot ETH ETFs attracted $2.85B inflows this week, reinforcing institutional adoption.
📈 Technical Levels to Watch
Support 1: $4,245 → Key bullish channel base.
Support 2: $3,845 → Breakdown risk zone.
Resistance: $4,793–$4,900 → All-time high (2021 zone).
RSI: At 66.8, leaning toward overbought → possible cooling before the next leg up.
⚖️ Catalysts & Risks
✅ Bullish Drivers
Layer-2 adoption (Arbitrum, Optimism) expanding ETH utility.
Fed rate cut odds at 84.6% in September—potential boost for risk assets.
⚠️ Risks
Regulatory uncertainty.
Spot traders securing profits near resistance.
🚀 Outlook
ETH is at a make-or-break zone. Holding above $4,245 could fuel a push beyond $4,900, opening the door to a $5,500 rally later in August. But losing momentum risks a slide toward $3,355–$3,800.
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📌 Key Levels Recap
Level Price ($) Significance
Resistance 4,793–4,900 All-time high breakout zone
Support 1 4,245 Bullish channel floor; rebound territory
Support 2 3,845 Breakdown risk; deeper decline possible
Q4 Target 15,000 Institutional & whale-driven forecast
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