📊 ETH is trading near $3,450 after surging on record ETF inflows. U.S. spot ETH ETFs saw a **record $726M+** inflow on July 16, pushing ETH into a strong recovery phase 2.
💡 Trade Setup: • Support zones: $3,300 / $3,400 • Resistance zones: $3,500 → next target $3,700–$4,000 • Strategy: Range trade between $3.3–$3.5k or breakout buy above $3.5k
🌍 Macro & Institutional Insights: • ETH ETFs have pulled in over $2B since July 4 and $5.5B+ overall 3 • Whale wallets accumulating: +240K ETH added in July 4 • Corporate treasuries like BitMine & SharpLink scaling ETH holdings 5
🧠 Long-Term Thesis: Institutional entry, regulatory clarity via GENIUS & CLARITY Acts, and staking ETF potential boost make a **$4,000 ETH** target more realistic 6.
Title: 📊 $BTC hovering near $119K – Is $120K next?
Body: Bitcoin is currently trading near $118,900, showing steady strength after holding above $117,000 support.
🔹 Support levels: $117,140 (day low) and $117,500 zone 🔹 Resistance levels: $119,130 (day high) and major $120,000 mark 🔹 RSI remains neutral (~50–60) — no extreme signals yet 🔹 MACD: Slight bullish crossover seen on 4H
🔍 Strategy: Watching for a breakout above $119.1K — if confirmed, $120K is within reach. A dip back to $117.5K could be a good entry point if volume supports it.
💬 Over to you — will BTC break $120K today or pull back? Share your plan! 👇