ETHEREUM price targets $ 4000, adding ETH ETFS 5.1 billion dollars star-news.press/wp

The current ETHEREUM price range decreases to a little less than the decisive resistance level, as immediate trading investment funds attract billions in flows, indicating increased institutional confidence. With the formation of strong-most prominent technical patterns, unlike the head and shoulder on the weekly graph-ETHEREUM via NFTS, Defi, and symbolic assets, can pave more than $ 4100 the road to get a height of about $ 5,000.

ETHEREUM (ETH) was traded at $ 3,745 on Saturday, 26 July, a few points from the decisive resistance level at $ 4100, and 172 % higher than the lowest level in April.

Ethereum atfs shoots all cylinders

Socal Data It appears that the Investment Funds in Spot Ethereum are thrived as the demand approaches. These funds have had flows for eleven consecutive weeks, a sign that institutional investors accumulated.

They added more than $ 1.85 billion of assets this week, which reaches monthly flows to $ 5.1 billion. Now hold more than $ 20.6 billion of management assets.

Blackrock continued to lead this charge, adding more than $ 440 million in assets on Friday. It now has more than $ 10.69 billion of assets, giving it a market share of about 50 %.

FBTC’s FBTC, who added $ 2.3 billion of flows, is followed by a net asset of $ 2.55 billion.

American investors are likely to buy Ethereum because of its large market share in the main sectors of the encryption industry. For example, it is the most popular series in the uniquely explosive symbol, with a 30 -day sales 58 % jumped To 301 million dollars.

ETHEREUM is also the most dominant player in the decentralized financing industry, with the total value increased to $ 186 billion and its dominance of 67 %. Some of the largest DEFI protocols are AAVE, UniWAP, Sky and MAPLE Finance.

Ethereum also leads the asset icon industry in the real world, with a total of $ 7 billion. Zksync, the largest player in this sector, has more than $ 7 billion of assets.

Technical analysis of Ethereum price

The weekly graph shows that the ETH price has been fixed in the past few months and is close to the decisive resistance level at $ 4100. This is the price of making or breaking it because it is either the neckline for the reverse head and the shoulder pattern or the upper side of the triple summit.

Ethereum remains higher than the Si -moving average for 50 weeks, while the relative strength index has approached the peak level in the peak at 70.

Therefore, the most likely scenario is the place where Etherum Price jumps to the psychological point for $ 4,000, followed by $ 4100. The step exceeding $ 4,100 will confirm the opposite style and the reverse shoulder and indicate more gains, and perhaps to $ 5,000.