Ethereum Gears Up for $3,000 Breakout with $1B in ETF Inflows and 1M New Wallets Weekly

Spot Ethereum ETFs in the U.S. have now surpassed $1 billion in total net inflows. The Ethereum network is adding between 800,000 and 1 million new wallets per week. These factors, combined with a bullish technical setup, support a positive ETH outlook. A combination of a constructive technical setup, sustained institutional investment via spot ETFs, and an explosion in new wallet creation has brought on a bullish outlook for Ethereum (ETH). Analysts have now pointed to these three distinct factors as evidence that the leading altcoin is gearing up for a $3,000 breakout. A ‘Liquidity Grab’ Before a Reversal? ETH recently dipped into a key support zone around $2,400, an area identified as a liquidity pocket. According to analyst Michaël van de Poppe, this move echoes Ethereum’s previous patterns, grabbing liquidity before a reversal higher. The price has tested the $2,576 resistance multiple times, and the repeated rejections are seen as a sign of momentum building for the next leg up. “Great consolidation, more than a month, an extreme build-up for a big breakout,” van de Poppe noted. The accompanying chart suggests a successful move above $2,576… The post Ethereum Gears Up for $3,000 Breakout with $1B in ETF Inflows and 1M New Wallets Weekly appeared first on Coin Edition .

Source: Coin Edition