Is Ethereum About to Hit $3.4K? The Drama Unfolds with ETF Fads and Shopping Sprees!

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Key Point:

  • Wallets are bursting with Ether ETFs and Ethereum treasury companies are buying like they’re at a clearance sale, hinting that investors seem to expect the party to continue! 🎉

So, what’s the news on Ether (ETH)? Well, despite a bit of selling above the oh-so-tempting $3,000 level, the bulls are hanging in there. It’s like they’ve put on their best fighting gear for a dance-off! 💪💃 And guess what? Farside Investors’ data reveals that over $1 billion has flowed into Ether exchange-traded funds since July 9. Talk about a cash splash! 💸

But wait! Apart from the ETF enthusiasts, Ethereum treasury companies have been on a delightful spending spree, gobbling up more than 545,000 ETH in the last month. It’s the corporate equivalent of a shopping spree at a midnight sale! 🛒

Now, the burning question: could these corporate buyers send ETH skyrocketing? Let’s dust off our crystal balls and dive into the charts to see what’s brewing. 🔮

ETH Price Prediction

ETH took a little tumble from $3,083 on Sunday—classic profit-booking move by short-term buyers. Just when you thought it was safe to swim! 🏊‍♂️

First support’s chilling at $2,879, followed by the cozy $2,738. If prices manage to bounce back up from this support zone, we might be looking at a solid demand. Will it break above $3,083? Will sparkly fireworks shoot off? If so, ETH/USDT could zip up to $3,153, and maybe—just maybe—$3,400! 🎆

But here’s the catch: if prices keep plummeting and dip below the 20-day exponential moving average (that’s $2,734 for those keeping score at home), it might signal that markets have given up on the $2,879 breakthrough. Cue the collective gasp, and ETH could likely tumble to $2,500. 😱

The charts show a hopeful bounce, but that long wick on the candlestick? Ouch! Clearly, sellers were lurking around the $3,083 resistance like diet soda at a sugar-fueled party. The RSI has thrown up a negative divergence—ouch, that can’t be good for our bullish dreams! 📉

Should prices turn down and break below the neckline, we’re looking at a bearish head-and-shoulders pattern. Cartoonishly speaking, this sales pitch has an exciting target of $2,773. 🎯

However, a turn around and a triumph above the $3,083 resistance? Well, then that whole negative theme flies out the window and we could well see a surge towards $3,246, followed by the illustrious $3,400. Hold onto your hats! 🎩✨

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2025-07-15 21:59