Ethereum Triple Bullish Signals Dey Push ETH Price Pass $4,000
Ethereum price don rise pass $4,000, e come happen because three bullish signals dem jam together. First one be say spot taker CVD show say plenty people dey buy from June reach August. Second, open interest climb reach $29 billion, e near record high, meaning say institution dem dey put fresh money inside. Third, ETH exchange reserves drop reach 12-month low of 18.38 million, e cause supply tight. Meanwhile, big buyers add more ETH. Former President Donald Trump buy 1,911 ETH (≈$8.6 M), mining company Bitmine Immersion Technologies add 106,485 ETH (≈$470 M), and nobody know institution commot 92,899 ETH from Kraken. On-chain indicators still fine: RSI dey 67, just under overbought level, MACD still bullish even with small pullback. Volume drop mean say market dey consolidate. As institution dem still dey buy, Ethereum structure still strong, e sabi show say price fit still go up and better chance dey to buy when price drop. Traders suppose dey watch spot demand and institution flows to catch better momentum.
Bullish
Dis news dey bullish becos three key on-chain metrics dey converge—strong spot demand, rising open interest, plus shrinking exchange reserves—wey don always happen before big ETH price rally. Institutional buyers like Donald Trump and Bitmine Immersion Technologies don buy plenty, wey reinforce long-term accumulation. On-chain indicators like RSI and MACD still dey align bullish, and the recent volume drop show say na consolidation, no be reversal. Past cycles for 2020–2021 show say supply squeeze and record open interest fuel big uptrend. For short term, traders fit see dips as buying opportunity, while ongoing institutional flows dey support medium to long-term price increase reach higher resistance levels.