Ethereum Price Analysis: ETH Aiming at $5000 Again Amid Surging ETF Inflows

Ethereum Price has maintained his strength against Bitcoin today. In the last 3 working days, ETF ETHs have boasted of over $ 1 billion in afflusted, pushing the 5% higher price in the last 24 hours. Most of the purchase of the ETF took place during the sale of Monday, which clearly indicates the interest of the buyer.

One of the main points on which Mayne focuses is the institutional interest, Especially in the last tweets and purchases of Tom Lee, president of Bitmine. The video also covers other tickers, such as BTC and Sol. Mayne highlights the main principle of trading that the price of any activity is ultimately defined by the people: sellers and buyers. Not some magical lines on the graphic designer. And it is good to pay attention when billionaires are buying.

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Price Ethereum who does another attempt of $ 5000: what does the ETH price graphic beat?

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A look at the time 1W is always the best thing that traders should do. For further explanations on the writings on the graph you see, please review the Eth article in June. July took place as expected, with key moments including a rest and a strong rebound off the coast of the support of 2023, accompanied by the increase in the volume.

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Moving on to the 1D graph, we clearly see the MSB since May, filling both gaps fvg in June and a strong explosive move to the rise of July and August. One thing that attracts attention here is weakness in RSI, although level 50 is holding well at this point. It would not be surprising to see a deviation below 50 points. We re -established $ 4878 ATH since 2021 and even evil to a new one at $ 4957.

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Pullback or Next straight?

Explore the last analysis of Ethereum prices while ETH exchanges near $ 4600, powered by ETF investments and institutional adoption.

(Ethusd)

Finally, we will take a look at the 12h graph, starting from filling the FVG gaps. The pump in July and August is a magnificent view for the bulls, with the price that grows by a huge 130%! Euphoria filled the virtual spaces while we approached the previous ATH, which, for expert traders, is a sign to become cautious and take profits and wait. A deeper Pullback is probably before a decisive closure above the maximum of 2021. A move lower than the previous maximum (yellow line) remains a possibility, although a test from the M200 cannot be excluded. On the contrary, a strong passage over $ 5,000 could leave many higher items. Stay vigilant and manage your risk!

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Ethereum prices analysis: Eth aiming at $ 5000 again among the increasing ETF afflusted

  • Beautiful 1W card and 2021 ATH test

  • RSI on 1D and 12h seems to restore, but it could go lower – caution

  • Potential support at $ 3,900 or less than MA200

  • Move above all the moving averages – Alt season expected in the coming months.

The analysis of the Post Ethereum prices: ETH aiming at $ 5000 again among the inflatable ETFs on the rise first appeared on 99 bitcoins.

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