Ethereum ETF mania: ETH targets $4,000—will key record break?
Ethereum Price Surge: Ethereum's price has increased for six consecutive days, reaching approximately $3,580, marking a 158% rise since May. This surge is attributed to significant ETF inflows, with a record $2.1 billion added in one week and cumulative inflows exceeding $7.49 billion.
Market Indicators and Future Outlook: The crypto market shows strong demand signals, including a record high futures open interest of $51 billion and rising stablecoin supply. Technical analysis indicates that Ethereum may continue its upward trend towards $4,000, although there is a risk of a brief pullback due to overbought conditions.
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Technical Analysis for ETC
Technical Sentiment Analysis for Ethereum Classic (ETC) As of , Ethereum Classic (ETC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ETC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ETC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Ethereum Classic (ETC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 3.753 | 5.451 | 7.253 | 8.951 | 10.753 | 12.451 | 14.253 |
| Fibonacci | 5.451 | 6.788 | 7.614 | 8.951 | 10.288 | 11.114 | 12.451 |
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