Key results:

• Record Ethem ETF. Impact and accumulation by ETH Corporate Treasuries can enhance the demand for fracture of USD 4000.

• The growing network activity and Ethereum TVL indicators signal forceful demand.

• ETH Bull Flag Breakout is aimed at $ 5000.

Ether (ETH) is approaching a critical moment when it is approaching the level of resistance worth USD 4000, a barrier that could not be violated three times since February 2024.

This time, however, several convergent factors, including the forceful impact of ETF, solid network activity and beneficial chart techniques, suggests that the breakthrough may be inevitable.

“With $ 4,000 now at your fingertips, the most important question is: will Ethereum blow up or break down?” he said Popular analyst at Dismipenal in the post of July 22 on X.

According to the analyst, the reduction of ETH supply on stock exchanges, increasing the improvement of ETH after Shanghai and high demand for ETF provides “stubborn energy cocktail” required to exceed ETH for 4000 USD.

Great influence of ETF and tax demand

The institutional interest of ETH has increased significantly in recent weeks, driven by record inflow of ETF and adoption of the corporate treasury.

ETF on the ETF in the US recorded unprecedented demand, with one -day inflows reached a record 727 million dollars on July 16, and cumulative net revenues exceeding USD 9.33 billion since the premiere of July 2024.

Related: Sharplink buys USD 295 million at ETH – more than the entire ether released last month

These investment products still show strength, attracting on Friday USD 452.72 million on Friday and expanding its streak to 16 consecutive trade days, according to this data from Sosovalue.

ETF ETF Blackrocka is worth $ 10.69 billion, a locker that grows at an accelerating pace, reflecting institutional trust. ETF ETF also overtook ETF Bitcoin for seven days in a row, suggesting capital rotation in the ether.

This influx of capital moved the role of Ethereum from speculative assets to the basic institutional farm, and companies such as Blackrock and Fidelity made up ETF erected to employ the possibility of generating performance.

ETH is still growing as assets for corporate tax reserves, and Bitmine Immersion Technologies buys ETH worth $ 2 billion in the last 16 days, which meant that the company has become the largest ETH corporate owner.

Currently, the company’s tax ethereum has 2.33 million ETH, which is 1.93% of ETH supply, According to for strategic ether reserves.

Galaxy Digital CEO Michael Novogratz predicted that the price of ETH will reach USD 4000, adding that ETH will exceed BTC over the next six months.

The activity of the Ethereum network has strength

The Ethereum network bases are close to the record height, and the average daily transactions have increased to 1.62 million on Friday from 932,000 in the last three months, which is an enhance of 73%, in accordance with data from Nansen. Daily energetic addresses increased on Saturday to a 12-month maximum 670,000.

The average weekly number of transactions increased to the highest all time of 10.07 million last week, while the weekly volumes of Dex increased to the 21-week highest level of $ 22.54 billion, according to data with Favor.

The total value blocked in the DEFI Ethereum protocol has returned to the highest levels from 2022 to $ 86 billion, winning a 61% market share.

Meanwhile, the balance on the stock exchanges dropped to 15.6 million ETH, the level last seen before the 2017 rally, according to Glassnode data. This dynamics suggests a potential squeeze of supply, which can support enhance the ETH price in relation to the up-to-date highest all time.

The ether price of the bull flag is aimed at $ 5,000

The ETH/USD pair is well prepared to resume its profits after breaking the bull’s flag pattern on a four -hour chart, as shown in the figure below.

The pattern has been solved when the price closed above the upper limit of the flag is 3740 USD (where there is currently 50-speed SMA) on Saturday, signaling the beginning of the movement up.

The height of the flags sets the goal that designs the Eterra price increases to 5000 USD next month, which is an enhance of 30% compared to the current price.

The relative strength indicator also shows stubborn tips that move in a positive region at the age of 61. This suggests that the price may enhance before the established terms of purchase.

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.