Key points:
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Net inflows of spot ETH ETFs totaled $861.3 million in the past two weeks.
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The total high point of ETH total fixed and accumulated.
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If the key trend line breaks, ETH price could rise to $4,100 towards the Bull Flag target.
Ether (Ethereth) On June 11, the price rose by a four-month high to $2,880, and then corrected for the current value of $2,550.
Several analysts say the key resistance is still $2,800 and the price needs to be converted into support to trigger “upward violence.”
“Ethereum’s price action is pressing below this 2.8K $2.8K level,” explain Popular crypto analyst Daan Crypto posted on June 16th X
Traders assert that a decisive approach beyond this level would be a “good setup” to improve action.
“If we see compelling rest time above $2.8K and holding it there, it would be a great setting to move to a cycle high of around $4K.”
Analyst Jelle shared The chart shows that ETH price compresses a tight range of key resistance levels below $2,800 and says:
“Generally, these structures can only end in one way; strong and violent actions.”
Several bullish signs It shows that ETH is well placed on Over $3,000 In the next few days or weeks.
Continuous on-site ETF flow back over ETH
One factor supporting the bullish ether argument is ongoing institutional demand, which reflects a large inflow Funds traded on Ethereum Exchange (ETF).
Related: Ether price is stable near $2.4k, crypto investors bet on long-term growth
The Spot Ether ETF saw a 19-day inflow record before the breakdown on June 13, but rebounded for three consecutive days between June 16 and 18, including more than $19 million on Wednesday. According to Farside Investors, the total net inflows of these investment products in the past two weeks was $861.3 million.
As a Cointelegraph Reportthese inflows have been the highest since January 2025, reflecting the confidence of traditional financial participants, although the initial market panic was Israel-Iran conflict.
Fixed ETH and cumulative addresses reach new highs
Between June 1 and June 15, Ether Staket added more than 500,000 ETH, pushing the total lockdown quota to New all-time highs exceed 35 million ETH.
This growth signal indicates a rise in confidence and a decline in liquid supply. This creates scarcity, which can drive prices to rise if demand is held or grows.
OnChainschool, Cryptoquan analyst, also in QuickTake on June 16 Point out Ether’s accumulated address (holders without sales history) also reached an all-time high, now holding 22.8 million ETH at current interest rates, worth approximately $58 billion.
This marks strong investor confidence and minimal sales pressure, often the predecessor of price rallies.
Analysts said:
“These two indicators combine Ethereum’s position as one of the strongest crypto assets as a long-term rationale and investor conviction.”
ETH price needs to flip the SMA trend line for 200 days
From Cointelegraph Markets Pro and TradingView It shows that the ETH price stays between two key levels: the 200-day simple moving average (SMA) is $2,600, acting as a resistor, while the 50-day SMA is $2,450.
ETH Bulls must recover 200 days of SMA to ensure continued recovery to $3,000 and beyond.
The last time the BTC price exceeded this trendline, it aggregated from $3,130 on November 9, 2024 to 40% of its trend. Multi-year highs are $4,100 December 15, 2024.
this Cow Flag On the other hand, the pattern indicates a possible breakout of $3,900, as shown in the figure below.
As a Cointelegraph ReportEther’s breakthrough from the cup and handle pattern could result in a 51% gain of $4,200.
This article does not contain investment advice or advice. Every investment and trading move involves risks and readers should conduct their own research when making decisions.
