#ETHBreaks3k
$ETH has surprised us by entering the $3000🔥
But how was this possible?
The recent surge has been supported by a strong influx of institutional capital.
Since July 7, Ethereum exchange-traded funds (ETFs) have received over $320 million in inflows.
On the other hand, the bullish momentum of the crypto market has continued. This will also benefit altcoins.
⚠️ The following resistances should be monitored:
🎯 $2,993: immediate resistance, reinforced by high trading volume.
🎯 $3,036: high of the last 24 hours, acting as an important technical barrier.
🎯 $3,200: next target if the bullish trend continues. Its surpassing would open the way towards $3,432, a relevant technical level in the medium term.
We could see Ethereum at $4000 if the bullish momentum continues!
$ETH has surprised us by entering the $3000🔥
But how was this possible?
The recent surge has been supported by a strong influx of institutional capital.
Since July 7, Ethereum exchange-traded funds (ETFs) have received over $320 million in inflows.
On the other hand, the bullish momentum of the crypto market has continued. This will also benefit altcoins.
⚠️ The following resistances should be monitored:
🎯 $2,993: immediate resistance, reinforced by high trading volume.
🎯 $3,036: high of the last 24 hours, acting as an important technical barrier.
🎯 $3,200: next target if the bullish trend continues. Its surpassing would open the way towards $3,432, a relevant technical level in the medium term.
We could see Ethereum at $4000 if the bullish momentum continues!