The weekly Netflows ethereum etfs amounted to $ 703 million, but will it come 4000 dollars after that? star-news.press/wp

Main meals

• Enjoy ETHEREUM 9 consecutive weeks of ETF flows thanks to Stablecoin’s narration and distinctive symbol. But can the bulls turn the resistance of $ 3,000 to support?

ETHEREUM (ETH) My beloved Wall Street has recently become, although Bitcoin attracts all market attention. In fact, since mid -May, the investment funds circulated in the United States have witnessed nine consecutive weekly flows.

This is not everything, although the daily ETF flows on July 10 amounted to $ 383.10 million, which reaches this week to $ 703 million (before the flow on Friday).

In general, this weekly flow can compete in late 2024, which raised ETH to 4 thousand dollars.

Distinguished symbol enhances eth

In a recent report, Fidelity ETH compared the emerging economy currency, not a technology cup as previously by Wall Street analysts. In doing this, tThe asset manager has argued that the ETH feeds Defi, works as a guarantee, and can gain profits by Stokeing.

In addition to this bullish report, Stablecoin’s novels and the distinctive symbol have grown.

In addition, BitWise recently expected that the distinguished market could grow by 4000X in the next few years. Thus, ETH may be one of the main ways to get exposure to investment.

Likewise, Stablecoins, which also attracted great attention from Wall Street, is also expected to feed the ETH as well. For example – Tom Lee is betting from Fundstrat on Big on the stablecoin boom that leads the ETH Treasury strategy for previous indulgence techniques that focus on BTC.

The reason is simple – ethereum Controls 50 % of the Stablecoin Market. And, more 75 % From the current symbolic cabinet.

Source: RWA

Meanwhile, with BTC at a standard level, analyst Ken Ting (chicken genius) believes that ETH can reach 4 thousand dollars soon. He said ,

“We are heading until the end of July. BTC makes ATH new again, ETH near 4 thousand dollars, rotation is your friend.”

The dynamics of comprehensive pressure bended somewhat towards Ten’s drop.

According to the Exchange Defrow scale, the number of metal currencies that are transported for sale decreased sharply in July. This coincided with the ETH from $ 2.2,000 to 3 thousand dollars as well.

Source: Cryptoquant

If the direction of low pressure extends itself, the bulls can try to do so Pay. However, the price of the ETH at a crossroads may be at a level of 3 thousand dollars. This region was supported in 2024 and was lost earlier this year.

Restore this as support that enhances the bullish market structure. The value of the journalism time may remain a strong purchase, according to the Supertrend index.

However, it should be noted that the daily RSI entered the peak area in the plans. The assembly can cool if the May price is repeated itself.

Source: eth/usdt, tradingview