โ$ETH โ The "Glamsterdam" Era and $4,000 Target! ๐๏ธ๐
โEthereum is currently trading at 3093, showing incredible resilience as it holds the line above the psychological $3,000 support. Despite a temporary $351M net outflow from spot ETFs this week, the technical structure remains bullish. ETH is forming a "Bullish Pennant" on the daily chart, with a strong demand zone between $3,000 and $3,100. As long as this floor holds, the "smart money" is eyeing a massive reversal toward the $3,300 resistance.
โThe 2026 fundamentals are stronger than ever:
โThe Glamsterdam Upgrade: The next major network upgrade, Glamsterdam, is slated for H1 2026. It focuses on massive scaling improvements and parallel transaction execution, positioning Ethereum as the undisputed "Linux of Crypto."
โDeflationary Pressure: With active staking and fee burns, ETH supply is tightening just as institutional interest from Wall Street analysts (predicting targets as high as $9,000) begins to peak.
โETF Shakeout: The recent redemptions are viewed by many as a "healthy reset" after the $1.5B inflow surge early in the year. History shows that consolidation near $3k often leads to a parabolic run.
โBuy Zone: $3,000 โ $3,120
โTargets: $3,450 | $4,000
โStop-Loss: $2,840
โThe king of smart contracts isn't slowing down. Watch for a daily close above $3,200 to confirm the end of this correction. Manage your risk! ๐๐ฅ