š $ETH Inflows Skyrocket: $4K on the Horizon?
š 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.
š Key indicators that paint a bullish picture:
ā SOPR at 1.01 suggests profitable moves
ā Open interest at $7.72 billion signals growing exposure
ā ļø But itās not all smooth sailing. The IOMAP shows potential resistance at $3,385.
ā¬ļø Will ETH break through to $4K, or are we in for a pullback? Whatās your take on Etherās next move?
#ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip #BinanceTurns7 #SOFR_Spike #US_Job_Market_Slowdown