🔷Ethereum breaks out: ETFs, DeFi, golden cross fuel $6,800 bull case


🔹Ethereum is riding a powerful rally — fueled by record-breaking U.S. spot ETF inflows, growing institutional accumulation, and surging on-chain activity — that has pushed prices to their highest level since 2021 and set the stage for a potential run toward $6,800.
🔹ETF inflows and DeFi dominance boost Ethereum jumped to a high of $4,170, its highest level since December 2021, and nearly 200% above the lowest level this year. 
Demand from American investors is high as evidenced by SoSoValue data, which shows that spot Ethereum ETF inflows jumped by $326 million this week. 
These funds have experienced inflows for 14 consecutive weeks, totaling $9.8 billion in cumulative inflows. BlackRock’s ETHA ETF has had cumulative inflows of $9.85 billion and has net assets of $12.35 billion. 
Grayscale’s ETHE ETF has experienced net outflows of $4.3 billion and currently holds $4.5 billion in assets. It has shed assets mostly due to its high fees, with an expense ratio of 2.50%. The other top Ethereum funds are by companies like Fidelity, Bitwise, and VanEck. 
🔹Ethereum continues to dominate in the decentralized finance industry, with its total value locked jumping to $195 billion and its bridged assets surging to $501 billion.
Ethereum’s stablecoin market share has increased, with the total industry supply reaching $137 billion. This growth will make it a top beneficiary from the recently signed GENIUS bill in the United States.
📈Ethereum price technical analysis
🔸The three-day chart shows that the ETH price has been in a strong bull run since April, when it bottomed at $1,392. It recently formed a golden cross pattern as the 50-day and 200-day moving averages crossed each other. A golden cross often confirms a bullish breakout.

🔸Ethereum also formed an inverse head-and-shoulders pattern, with its neckline at $4,090. This pattern is made up of a head, which is at the April low of $1,392. It also has two shoulders at $2,153.

🔸The distance between the head and shoulders is $2,700. Adding this amount to the neckline yields a target price of nearly $6,800, representing a 68% increase from the current level.
#TopContentChallenge#
ETH1.19%
DEFI-2.41%
CROSS-9.17%
FUEL-4.23%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
NewNamevip
· 11h ago
Thank you for information!
Reply0
Sakura_3434vip
· 08-11 19:35
HODL Tight 💪
Reply0
Ybaservip
· 08-11 05:27
Thansk for the sharing and the beautiful information my dear friend🌷 good work keep it up 🤗
Reply1
Szerovip
· 08-10 20:16
Thank you so much 😊
Reply1
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)