ETHEREUM tops 3,300 dollars, as ETH Spot ETH is the record number star-news.press/wp

ETHEREUM exceeded a sign of $ 3,300 on July 16, where it was traded at levels that have not been seen since early February, as flows in Ethereum Trade-TRADED boxes reached the highest new level ever.

As of the writing of these lines, ETHEREUM (ETH) increased by 7 % during the last day, as it was circulated at $ 3336. The symbol reached its climax at $ 3,385 in the day, which represents a great outbreak after weeks of the extent -related movement. ETH gained 20 % last week and now increased by about 30 % in the last 30 days. Not less than 31 % of its peak of $ 4,878, which was reached in November 2021.

This height comes because the demand for ETH Spot ETH is at its highest level ever. According to Sosovalue DataETH investment funds listed in the United States witnessed net flow of $ 717 million on July 16, which is the highest total day so far. These funds now contain more than 4 % of the circulating Ethereum supplies.

Etha of Blackrock led the flows with a net additional addition of $ 489 million, which is the largest daily balance, while Fidelity’s Feth follows at $ 113 million. The new record exceeded the new record of $ 428 million on December 5, 2024, according to investors in Farside Data. Monthly flows have now crossed $ 2.27 billion, indicating more renewable institutional interests.

Along with the circulating investment funds, corporate bonds contributed to the recent rise. Many companies have revealed large ETH positions in recent months. Bit Digital, Gamesquare and Sharplink are among the companies that expand their ETHEREUM reserves as part of long -term public budget strategies.

Large financial institutions such as Goldman Sachs and Standard Charged began to re -customize some Bitcoin (BTC) holdings in Ethereum. 53 companies publicly circulated that currently have approximately 1.6 million Ethereum, at a value of $ 5.3 billion, according to what he said. Data From the strategic eth reserves.

Technically, the recent procedures conducted by Ethereum indicate strong momentum and fatigue. The ETH gathering has pushed much higher than the short and medium moving averages. Close the price of ETHEREUM above the upper limit of Bollinger, a signal that often precedes the cooling period.

At about 79, the relative strength index indicates that the market has been clarified. In addition, other indicators, such as the commodity channel index, are filled with red, indicating that short -term traders may start to achieve profits.

However, the wider structure is still constructed. Strong upward trends are confirmed by transferring averages that are still heading up to most of the time frames. Although momentum may slow down, institutional flows and the purchase of companies provide basic support, indicating that any correction may be temporary.

ETH may try to test the $ 3500 sign after that if the flows are held or captured. On the other hand, with the intensification of excessive signals in the peak, failure to maintain a $ 3300 region may lead to another round of monotheism.