😱🚀 Ethereum Rally Begins: Watch out for $5,000! 🤯🔥
📈 Current Situation & Market Sentiment
Price and Momentum: Ethereum is currently trading around $3,712 and has gained approximately 4% in the last 24 hours. It has fluctuated between $3,540 down and $3,714 up.
Increased Interest in ETFs: US spot ETFs $ETH have seen total inflows of $2 billion since July 4, indicating growing interest from US investors.
Institutional Purchase: Companies like BitMine have added millions of Ethereum to their balances, indicating growing demand for "smart money" or professional capital.
⚙️ Fundamental & On-Chain Indicators
MVRV and NUPL: #ETH is currently trading relatively low compared to its realized value; NUPL metrics are in "in the money" territory—meaning investors are making profits, which could reduce selling pressure.
Exchange Balance: The amount of ETH held by long-term investors on exchanges is decreasing. This increases the risk of a supply squeeze, supporting the price.
🔧 Technical Analysis
Moving averages: The 50-day MA (~$2594) is above the 200-day MA (~$2477)—a golden cross formation is observed.
Bullish flag formation: A bullish flag formation has recently formed, increasing the likelihood of a breakout to the upside; the range between $3745 and $4900 is suggested as a target.
Support and resistance:
Current support: The range of $2940–$2980 is prominent.
Critical resistance: $3500–$3550 has been surpassed, with the next barriers being the ranges of $3800 and $4000+.
📊 Short and Medium-Term Odds
Short term (1–2 weeks): The upward trend is likely to continue; volatility may increase in the range of $3800–$4000. High call option positions in the derivatives world also support this expectation.
1–3 month period: The range of $4,000–$5,000 could become a reasonable target. According to a CCN article, a potential price level of $4,900 is possible "after a bullish flag breakout."
Long-term (6 months – end of the year): Some analysts suggest that ETH could reach $5,000–$10,000.
⚠️ Risks & Warnings
Correction risk: Rapid increases often lead to corrections. Moves above $3,900–$4,000, in particular, may create selling opportunities.
Regulatory uncertainty: The approval of the GENIUS and CLARITY laws could increase regulatory clarity; however, the course of the process could influence the price—for better or worse.
Macroeconomic factors: Fed policies, inflation developments, and global liquidity conditions could determine the price direction of ETH.
✅ Strategy Recommendations
Taking a Position: If you are new to ETH, support areas around USD 3500–3600 may offer suitable entry points.
Profit-taking: Initial targets could be USD 4000–4200; if strong momentum continues, USD 4900–5000 could be considered.
Risk Management: It is important to protect capital against potential pullbacks by placing a stop-loss below the support level (e.g., USD 3400).
🎯 Summary
Expectations for Long-Term Outlook
Short-term bullish ETF entries are supported by technical formations and an increase in momentum.
Medium-term: A potential bullish move between USD 4000–5000 is possible; positive dynamics on-chain continue.
Long-term: High potential: With institutional interest and regulatory clarity, the price could reach the range of USD 5000–10000.
ETH is currently in a strong bullish trend, and the current technical and fundamental signals support it. However, volatility is always present, so a cautious strategy (stop-loss, staggered buy-sell) should be followed in times of extreme volatility.