First detected a strong Ethereum surge towards $4000 – get ready for takeoff! 🚀💎🔥
📈 After reaching an annual high of $3941, $ETH has returned to dominate the digital asset scene with strength!
I noticed that Ethereum made a leap of over 54% in July, surpassing giant companies like Costco and Johnson & Johnson in market capitalization, which now stands at around $460 billion.
🔍 Institutional demand is gaining momentum:
- Exchange-traded funds added 1.6 million ETH in just six weeks.
- Net ETF flows exceeded a million ETH on June 13 alone, according to K33 Research data.
📊 2x leveraged funds on CME were the most active:
- Exposure to these funds increased by 250,000 ETH.
- Market participants raised open interest from 331,224 to 858,850 ETH.
💡 After testing support around $3500, ETH recovered by 8% and closed above resistance at $3730, setting a new annual high of $3941. It is now trading above $3800 with a focus on the next target: *$4000!*
🚨 Volatility is expected this week, with the end of the chart deadlines and macroeconomic data releases—but the upward momentum remains strong.
I am the first to present this analysis to you... and the next trend could put ETH in the global spotlight!
#altcoins #ETH #ETHReclaims3800 #InstitutionsLoading #EthereumTo4K