3 Reasons why Ethereum Price could soon see “rapid movement” above $ 2.8,000

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Key results:

  • ETF net revenues in ETF amounted to USD 861.3 million in the last two weeks.

  • The total ETH is set up and accumulated at the highest level.

  • The price of ETH can accumulate to the Bull Flag target of USD 4,100 if the key trend line breaks.

The price of Ether (ETH) increased to a four -month level at USD 2,880 on June 11, before it corrected to the current value at USD 2550.

Several analysts have found that the key resistance remains in the amount of USD 2800, and the price must exceed this support to cause “rapid upward movement”.

“The price of the price of the Ethereum price is compression below this high level $ 2.8,000” he said Popular cryptographic analyst Daan Crypto Trades in the post of June 16 to x

Trader said that the decisive closing above this level would be a “good configuration” for higher traffic.

“If we see a convincing break above $ 2.8,000 and we stick to there, it would be a good configuration of the transition to the highest cycle level of about $ 4,000.”

Two -day ETH/USD chart. Source: Daan Crypto Trade

Colleague analyst Jelle common The chart showing that the price of ETH compresses the strict range below the key resistance level above USD 2800 and said:

“In general, these structures end only in one way; strong and rapid movement.”

Several stubborn characters suggest that ETH is well prepared to break over $ 3,000 in the following days or weeks.

The continuous place of ETF affects the mountain

One of the factors supporting the stubborn argument of Eterra is persistent institutional demand, reflected by a significant influx in Ethereum EXTEN-Exchange (ETF) rotary funds.

Related: Stable ether price nearly 2.4 thousand USD, because cryptographic investors are assumed to be long -term growth

ETF Spot Ether was recorded a 19-day influx series before it burst on June 13, but three consecutive days of fresh influxs from June 16-18, including over $ 19 million on Wednesday. These investment products have been recorded by net inflows with a total value of USD 861.3 million in the last two weeks, in accordance with the data from Farside investors.

Note ETF Etheum flows. Source: Farside Investors

According to Cointelegraph, these influences were the highest since January 2025 and reflect the growing trust among time-honored financial players, despite the initial panic of the market conflict of Israel-Iranian.

The stopped ETH addresses and accumulation reached fresh ups

Ether erected increased by over 500,000 ETH between June 1 to June 15, increasing the total closed amount to the fresh level of the highest level in history over 35 million ETH.

This augment signals growing and a constant decrease in liquid supply. This creates a deficiency that can augment prices if demand maintains or increases.

ETH: Total value set. Source: Cryptoquant

At Quicktake from June 16, the Cryptoquan analyst also onchainschol indicated Ether accumulation addresses (owners without sales history) have also reached the highest level of all time, now having 22.8 million ETH worth about $ 58 billion according to current rates.

This signals the forceful trust of investors and minimal sales pressure, often precursor of price rallies.

The analyst said:

“These two indicators combined Ethereum as one of the strongest cryptographic assets in terms of long -term foundations and investors’ beliefs.”

The price of ETH must reverse the 200-day SMA trend line

Data from CointeLraph Markets Pro i TradingView It shows that the price of ETH got stuck between two key levels: 200-day straight movable average (SMA) after $ 2,600 acting as resistance, and a 50-day SMA after 2450 USD as support.

ETH Bulls had to recover 200-day SMA to ensure enduring recovery compared to 3000 USD and more.

Last time, the price of BTC exceeded this trend line, increased 40% from USD $ 3130 on November 9, 2024, to a long $ 4,100 USD $ 15, 2024.

ETH/USD Daily chart. Source: Cointelegraph/TradingView

On the other hand, the pattern of bull flag indicates a potential breakthrough in the direction of USD 3,900, as shown in the chart below.

ETH/USD Daily chart. Source: Cointelegraph/TradingView

According to Cointelegraph, a breakthrough of Ether from the cup and handle pattern can cause 51% profits to USD 4,200.

This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.

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