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Ethereum Eyes $5,000 Surge as ETF Flows and Charts Align

  • BlackRock’s iShares Ethereum Trust received $303.5 million last week, mainly fueling ETH ETF flows.
  • Speculation grows around potential SEC approval for ETH staking within ETFs.
  • Over $82 million ETH exited exchanges in 2 days, reducing supply and easing selling pressure.
  • Wallets holding 1,000 to 10,000 ETH are accumulating, with long-term holders owning 75.5% of total supply.
  • Ethereum has found strong support at $2,500 in June and a golden cross is forming on the charts.
  • Traders anticipate a breakout to $5,000 as ETF flows increase, whales accumulate, and technical indicators strengthen.
  • A chart comparison suggests similarities between current ETH price patterns and the surge past $3,000 in early 2024.
  • If history repeats, Ethereum may mirror its past trajectory and surpass $5,000, reinforcing bullish sentiment.

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