Key Takeaways:
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Spot ETH ETF Net Inflows cost $ 861.3 million in the past two weeks.
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The total eth staked and accumulated is at all times high.
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The price of ETH can rally towards the bull flag target of $ 4,100 if a major trendline break.
Ether (Eth) The price rose to a four -month -old at $ 2,880 on June 11, before correcting the current value at $ 2,550.
Many analysts say that a major objection remains at $ 2,800, and the price needs to be filed with support to control a “violent moving upward.”
“Ethereum price price action compresses itself below a large $ 2.8k level,” Says The famous crypto analyst Daan Crypto is trading on a June 16 post on X
The entrepreneur insists that a decisive close to this level will be a “great setup” for a move that is higher.
“If we have seen a convincing rest above $ 2.8k and handle there, it would be a great setup for a move to high cycles around $ 4K.”
Both analyst Jelle shared A chart showing the price of ETH compressed a tight range below a major resistance level above $ 2,800 and said:
“In general, these structures will only end in one way; a strong and violent move.”
There are many signs of bullish suggest that ETH is properly positioned at Breaks above $ 3,000 in the following days or weeks.
Continuous spots etf inflows back over the surface
One factor that supports Ether’s bullish argument is the ongoing institutional demand, which can be seen by significant flow to the area Ethereum exchange-traded funds (ETFS).
Related: Ether price stable close to $ 2.4k while crypto investors will bet on long -term growth
Spot Ether Etfs saw a 19-day outflow before it broke on June 13, but it was rebounding with three consecutive days of fresh flow between June 16-18, with more than $ 19 million on Wednesday. These investment products have seen net inflows worth $ 861.3 million over the past two weeks, as per data from Farside investors.
As cointelegraph reportedThese flows have been the highest since January 2025 and reflects the growing confidence among traditional financial players, despite the initial panic in the market from Contrary to Israel-Iran.
Staked eths and accumulation hits new highs
Ether staked increased by more than 500,000 ETHs between June 1 and June 15, pushing the total locked value to a New all-time high over 35 million eth.
This growth indicates an increase in confidence and an ongoing collapse in the liquid supply. This creates a deficiency that can drive prices if the demand holds or grows.
On a June 16 QuickTake, Crypoquan analyst Onchainschool also taught Ether accumulation addresses (holders without a sale history) also reached a high time, holding 22.8 million ETHs worth $ 58 billion at current rates.
It has signed a strong investor confidence and minimal sale pressure, often a signal at price rallies.
Analyst said:
“The two metrics combined with Ethereum’s position as one of the strongest crypto properties in terms of long-term fundamental basis and investor beliefs.”
ETH price has to flip the 200-day SMA trendline
Data from Cointelegraph Markets Pro and Tradingview It is shown that the price of ETH is stuck between two main levels: the 200-day simple moving average (SMA) at $ 2,600 acting as a resistance and the 50-day SMA to $ 2,450 in support.
Eth Bulls is required to get the 200-day SMA to ensure a prolonged recovery towards $ 3,000 and more.
The last time the BTC prices were broken above this trendline, it rallied 40% from $ 3,130 on November 9, 2024, to them multi-year high $ 4,100 On December 15, 2024.
The Bull flag The pattern, on the other hand, indicates a potential breakout towards $ 3,900, as shown in the chart below.
As cointelegraph reportedEther’s breakout from a cup chart pattern can result in 51% gained at $ 4,200.
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
