ETH Price Target $3,400 Because ETF Money Dey Come In & Them Dey Buy Treasury
ETH price don break key resistance for $2,880 and $3,083, e get more than $1 billion ETF inflows since July 9 plus 545,000 ETH wey treasury entities buy last month. Chart analysis show support dey for $2,950 and 20-day EMA near $2,734, with deeper floors for $2,613 and $2,500. If e clear breakout pass $3,083, e fit push ETH go $3,153, $3,400 and even the 0.618 Fibonacci extension at $3,588. But if e fall comot under $2,880 (or EMA20 at $2,734), e fit make price pullback go $2,613 or $2,500. Traders suppose dey watch ETF flows, treasury buying trends and Fibonacci zones well to plan entrance and exit.
Bullish
Da combined news dey show strong bullish motor dem for ETH price: over $1 billion ETF inflow and 545,000 ETH wey treasury people buy dey give solid ground, while technical analysis confirm say breakout don happen pass key level dem for $2,880 and $3,083. Short-term charts show strong support close to $2,950 and 20-day EMA around $2,734, which reduce risk say price fit fall. If clear breakout pass $3,083 happen, ETH fit run come reach target dem for $3,153, $3,400 and even 0.618 Fibonacci extension for $3,588. Even though if price break below support levels e fit cause pullback to $2,613 or $2,500, trend still dey go up as long as main support dem hold. This junction of on-chain demand and technical power mean say ETH get both immediate and long-lasting bullish momentum.