ETH Price Targets $3,400 on ETF Inflows & Treasury Buys
ETH price has broken key resistances at $2,880 and $3,083, driven by over $1 billion in ETF inflows since July 9 and 545,000 ETH bought by treasury entities last month. Chart analysis shows support at $2,950 and the 20-day EMA near $2,734, with deeper floors at $2,613 and $2,500. A clear breakout above $3,083 could propel ETH toward $3,153, $3,400 and even the 0.618 Fibonacci extension at $3,588. Conversely, a drop below $2,880 (or EMA20 at $2,734) risks a pullback to $2,613 or $2,500. Traders should monitor ETF flows, treasury buying trends and Fibonacci zones to plan entries and exits.
Bullish
The combined news highlights significant bullish drivers for ETH price: over $1 billion of ETF inflows and 545,000 ETH purchased by treasury entities provide fundamental support, while technical analysis confirms breakouts above key levels at $2,880 and $3,083. Short-term charts show robust support near $2,950 and the 20-day EMA around $2,734, reducing downside risk. On a clean breakout above $3,083, ETH could accelerate toward targets at $3,153, $3,400 and even the 0.618 Fibonacci extension at $3,588. Although a break below support levels could trigger pullbacks to $2,613 or $2,500, the dominant trend remains upward as long as major supports hold. This convergence of on-chain demand and technical strength suggests both immediate and sustained bullish momentum.