🚀 $ETH Inflows Skyrocket: $4K on the Horizon?
🌐 Ether is making waves with its largest inflows since March, hitting a whopping $72 million last week. This surge comes as anticipation builds for the imminent approval of spot ETH ETFs.
📈 Key indicators that paint a bullish picture:
– SOPR at 1.01 suggests profitable moves
– Open interest at $7.72 billion signals growing exposure
⚠️ But it’s not all smooth sailing. The IOMAP shows potential resistance at $3,385.
⬇️ Will ETH break through to $4K, or are we in for a pullback? What’s your take on Ether’s next move?
#ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip #BinanceTurns7 #SOFR_Spike #US_Job_Market_Slowdown