Ethereum (ETH) prices fall into the main resistance range of $4,100-$3,900. This has resulted in a multiple weekly choppy market since March 2024.
This has made more crypto users bullish from a medium-term perspective. Coinglass’ Altcoin Season Index also shows wider market opportunities, the sentiment driven by robust on-chain data.
ETH/USD analysis and Gambardello
According to Crypto analyst Dan Gamberdello, ETH prices lead the wider Altcoin market when recording higher and higher lower prices. According to Dan, potential medium pullbacks cannot be completely eliminated within the macro bull market.
As for the ETH/USDT pair, Dan said Altcoin could retest support for established macro-rising log trends before soaring to its highest ever height (ATH). In particular, ETH prices reached ATH at $4,878 three years ago, and have since been trapped in the choppy integrations so far.
sauce: Crypto Capital Venture
From his long-term perspective, he considers the ETH chart to be suitable for parabolic rallying beyond $10,000, setting a potential high target of around $16,900.
Related: Crypto Market is hot: Mixed Short-Term Outlook for Ethereum, Cardano and Sui Signal
The bullish view of this macro is also supported by the weekly relative strength index (RSI), which has skyrocketed above 70 levels for the first time since March, and the bullish weekly MACD indicator.
sauce: Crypto Capital Venture
Additionally, on the weekly MACD indicator, we have seen histograms slip into new highs amid the event that MACD and signal lines cross the zero line. If ether prices are consistently below the low intestines of the macro-elevation triangle pattern, the medium bullish prospects are invalidated.
Record-breaking institutional influx supports the ETH Bull case
According to Sosovalue’s on-chain data analysis, the US Spot Ethereum Exchange-Traded Funds (ETFs) are trying to record the highest net inflows each month. Additionally, US Spot ETH ETF has registered its total net inflow of $5.12 billion since earlier this month.
Related: Ethereum (ETH) Price Prediction July 28, 2025: ETH Blast Over $3,900 as Bulls Eyes Liquidity Zone
BlackRock’s ETHA has achieved a net worth of $10.69 billion as it leads its cohort with a net inflow of $3.83 billion each month. According to Lookonchain’s Onchain data analysis, Sharplink Gaming Ltd. (NASDAQ: SBET) recently attracted new top leadership from BlackRock’s Digital Assets unit, and purchased an additional 77,210 ETH worth $295 million, and currently owns 438,017 ETH.
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