Ethereum Don Pass $4,600: ETF Demand De Follow 2017 Rally
Ethereum pass $4,600 for August 2025, dat na big breakout wey resemble the one in 2017. Dis move follow wen e recover pass di 50-week moving average, one key support wey often come before strong price jump. Institutional investors plus new approved ETFs dey push fresh capital enter ETH. Recent data show say buyers get control steady and trading volume dey grow. Dis cycle resemble di months-long consolidations wey happen between $2,200 and $4,000 for 2017. Analysts dey see EFT inflows and institution demand as catalyst for more price rise. Traders suppose dey watch for tests of higher resistance levels and check on-chain metrics. History pattern, 50 week MA technical support, plus solid ETF demand dey point to bullish outlook for Ethereum.
Bullish
Ethereum wey don break pass $4,600, and e get support from rebound wey pass di 50-week moving average, dey show say market get strong momentum. For history, similar waka wey reach dis kain important technical level for 2017, na im come before long bull runs. Di way how institutional funds dey enter through newly approved ETFs dey add plenty liquidity and better market feeling. Short time, ETF money dey create pressure wey dey push price up cos demand dey pass supply, fit make ETH reach new highs. For longer time, institutional people wey join fit reduce market wahala wey dey cause sharp price change and help market grow steady, like how e happen for Bitcoin market when ETF them launch. Even though outside things like government rules or big economic wahala fit make market shake small, di way things dey now dey show say technical strength, plus history plus strong institutional support dey push Ethereum to better market movement.