Ethereum News Today: Ethereum holds above $3,300 support with bullish technical outlook and rising institutional inflows

Ethereum remains above the $3,300 support level, maintaining a bullish technical structure amid consolidation. At $3,858, the asset has shown resilience, with on-chain data and indicators suggesting further upside potential. Analysts point to key levels at $4,220 and $5,140 as possible near-term targets if the support continues to hold [1].

The MVRV (Market Value to Realized Value) pricing bands, a widely used on-chain indicator, show Ethereum positioned near the +1.0σ band at $3,793.62, according to Glassnode. If the $3,300 level remains intact, the asset could target the +2.0σ and +3.0σ bands at $4,220 and $5,140, respectively [2]. A crypto analyst on Ali Charts noted that Ethereum’s continued consolidation above $3,300 positions it well for a potential breakout [3].

Technical indicators reinforce the bullish case. The Relative Strength Index (RSI) is at 77.16, indicating strong momentum, while the MACD has turned bullish, with the histogram showing increasing strength. Reed Carson observed that the clean MACD flip suggests Ethereum could reclaim the $4,000 level soon [4].

Institutional confidence in Ethereum has also grown. On-chain data from Lookonchain reveals that nine new wallets have acquired 640,646 ETH worth $2.43 billion since July 9. Whale wallets such as “0x4352” and “0x3dF3” have made significant ETH transfers, signaling accumulation by large holders [5]. BlackRock’s Ethereum ETF (ETHA) has added 1.25 million ETH since July 1, raising its total holdings to over three million ETH, valued at $11.36 billion [6].

Spot Ethereum ETFs have recorded 19 consecutive days of net inflows, accumulating $5.4 billion in total. These inflows now represent around 4.7% of Ethereum’s circulating supply, indicating growing institutional adoption [7]. BlackRock’s ETHA alone contributed $4.19 billion of the inflow, highlighting its pivotal role in Ethereum’s institutional narrative [8].

Whale accumulation has also intensified. SharpLink Gaming recently acquired 77,210 ETH, bringing its total holdings to 438,017 ETH, valued at nearly $1.7 billion. This accumulation has added to Ethereum’s supply-demand imbalance, with low net issuance and rising demand from both institutional and retail investors [9].

Ethereum is now at a pivotal moment, with the $4,200 level acting as the next key resistance. A close above this threshold could trigger a new upward trend toward $5,000. Analysts speculate that if the bullish momentum continues, Ethereum could reach $7,800 or even $10,000 by late 2025, depending on macroeconomic conditions and on-chain activity [10]. With Ethereum up 1.74% in the last 24 hours, it is positioned for one of its strongest quarters in years [11].

Source:

[1] Brave New Coin

[2] CoinCentral

[3] AInvest

[4] X

[5] Lookonchain

[6] Brave New Coin

[7] The Block and CoinGlass

[8] Brave New Coin

[9] Brave New Coin

[10] Crypto Crew University

[11] Brave New Coin