Bitcoin ETFs See Historic Surge \u2013 Institutions Go Bullish On BTC With $1.38 Billion Record Inflows<\/a><\/div>\nIn the meantime, the market appears optimistic, with analysts noting that maintaining levels above the 200-day MA is crucial for confirming the long-term bullish trend. ETH\u2019s consolidation phase could be the foundation for continuing its upward trajectory.<\/span><\/p>\nFeatured image from Dall-E, chart from TradingView<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"Ethereum has staged an impressive 35% rally since last Tuesday, marking a bullish breakout as it tests crucial supply levels for the first time since late July. Investor sentiment is increasingly optimistic, driven by a surge in Ethereum\u2019s on-chain activity.\u00a0 Key data from IntoTheBlock reveals that transaction volume on Ethereum\u2019s mainnet has reached its highest levels since July, a bullish signal highlighting renewed interest and activity in the network. This surge in volume is often seen as confirmation of a breakout, aligning with expectations from investors who have anticipated a strong rally toward Ethereum\u2019s yearly highs.\u00a0 Related Reading: Avalanche Nears Breakout \u2013 Top Analyst Sets $420 Target For AVAX This Cycle With momentum building, ETH now stands at a pivotal point: if it can maintain strength above these new levels, the stage may be set for further upside as the broader crypto market rallies alongside Bitcoin.\u00a0 The next few days will be crucial for Ethereum as traders watch to see if the bullish sentiment can sustain and propel ETH higher into new price territory. Ethereum Bullish Trend Begins Ethereum has entered a new bullish phase after eight months of consistent selling pressure and significant accumulation by smart money. Following a long period of subdued price action, ETH is finally rising, signaling a trend reversal many analysts and investors eagerly awaited.\u00a0 Data shared by IntoTheBlock on X shows that Ethereum\u2019s mainnet transaction volume has surged significantly, with nearly $60 billion settled over the past week\u2014the highest level since July. This spike in volume is a clear indicator of renewed market interest, and it suggests that more investors are actively trading and accumulating ETH.\u00a0 When transaction volumes rise alongside price increases, it often signals healthy demand and strong market confidence, supporting the likelihood of a sustained bullish trend. Related Reading: Cardano Skyrockets Over 40% \u2013 Funding Rate Suggests Further Upside The next few months are expected to be volatile as speculative interest and trading activity heat up, with many traders positioning for substantial gains. Despite the anticipated price swings, analysts agree that Ethereum\u2019s next major target is its yearly high of $4,000. Breaking this level would confirm Ethereum\u2019s bullish momentum and set the stage for potential new all-time highs, aligning with the broader market’s optimism. ETH Consolidates Above $3,000\u00a0 Ethereum is trading at $3,180, following a recent push to a local high of $3,250. After a strong weekend rally, the price paused, hinting at the need for consolidation before another potential breakout. This period of sideways movement could be essential for ETH to establish support and prepare for further upside, as it allows buyers to gather momentum while absorbing any short-term selling pressure. Key technical levels show that bullish sentiment is likely to strengthen if ETH maintains its position above $2,950, aligned with the 200-day moving average (MA). Holding this critical support level would signal buyers remain in control, setting up ETH for a potential rally toward $3,500 soon.\u00a0 However, it\u2019s also possible that ETH could take a few days to build up the momentum needed for its next substantial move as investors assess the recent rally and consider upcoming catalysts. Related Reading: Bitcoin ETFs See Historic Surge \u2013 Institutions Go Bullish On BTC With $1.38 Billion Record Inflows In the meantime, the market appears optimistic, with analysts noting that maintaining levels above the 200-day MA is crucial for confirming the long-term bullish trend. ETH\u2019s consolidation phase could be the foundation for continuing its upward trajectory. Featured image from Dall-E, chart from TradingView<\/p>\n","protected":false},"author":617,"featured_media":652544,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[8323,1946,90928,84133,7931,6864,87134,86253,78803],"class_list":["post-652543","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-eth","tag-ethereum","tag-ethereum-breakout","tag-ethereum-bullish","tag-ethereum-news","tag-ethereum-price-action","tag-ethereum-rally","tag-ethereum-volumes","tag-ethusdt"],"acf":[],"yoast_head":"\n
Ethereum Weekly Volume Hits $60 Billion As ETH Aims For Yearly Highs<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n