Positive cash flow into ETH ETFs: ETH ETFs have seen stable cash flow over the past week, with over 200 million USD compared to Bitcoin. Strong inflows into Ethereum indicate increasing confidence in ETH.
ETH price surpasses the 3,500 USD barrier: ETH’s price has crossed the psychological barrier at 3,500 USD, and technical indicators suggest this currency is preparing to rise to 4,000 USD.
The future of ETH price: Data from CoinGlass shows traders lack confidence in ETH’s rise beyond 4,000 USD. If the price surpasses this level, short positions may be liquidated, creating significant selling pressure.
Expectations and challenges: If bullish investors can create a recovery, Ethereum (ETH) is expected to recover to 4,000 USD and move toward a new all-time high (ATH).