Ethereum Breaks $3,500! RSI Predicts ETH Could Skyrocket to $10K!

by

Key Takeaways:

  • Ether price hits a 6-month high thanks to record ETF inflows and growing network activity. 🎉

  • The RSI buy signal at 40 in April, a historic precursor to ETH price rallies, could mean ETH is headed to $7,000-$10,000 in 2025. 🚀

Ether’s (ETH) price has surged toward $3,500 on Thursday—levels not seen since January 7. What’s driving this surge? A delightful cocktail of rising network activity and relentless spot Ethereum ETF inflows. 🍸

Record ETFs Inflows Send ETH Price to 6-Month Highs 🤑

Ether has climbed over 10% in the last 24 hours and a solid 25% in seven days, hitting a six-month high of $3,481 on Binance. 🌙 CryptoMoon Markets Pro and TradingView are throwing a party!

What’s the secret? Institutional demand, baby. Spot ETH ETFs just pulled in a record $727 million on Wednesday. Yes, you read that right. Seven hundred twenty-seven million. 💰

“Ethereum smashing through $3,400 isn’t some degen retail spike,” says Blazey Crypto, adding, “This is big boy money. Over $726 million flowed into ETH ETFs in just one day. HALF of that came from BlackRock. That’s not retail, that’s war.” ⚔️

“This is huge,” said Mikybull Crypto, noting that these are the largest inflows since the launch of spot Ethereum ETFs last July.

In the last five days, spot Ether ETFs pulled in over $1.76 billion, and now ETF issuers hold 4% of the entire ETH supply. Yep, 4%. 🤯

“$1.8 billion in five days—how is this thing not going to skyrocket?” said crypto investor Biashara. Trust me, it’s going to be a blast! 💥

High Ethereum Network Activity = Higher ETH Price? 🤔

The strength of the ETH price movement is also reflected in its network activity. Active addresses on Ethereum have increased by 9.4% in the last 30 days. 🔥

In the last 24 hours, daily active addresses jumped by 6.7% to 463,880. More people are using ETH—surprise, surprise. 😏

Weekly network fees on Ethereum have shot up by 139% to $14 million over the past week. No wonder everyone’s talking about this. Fees are up 475% since July 5. Must be something in the air. ✨

These higher fees reflect increasing demand, naturally, which drives up total value locked (TVL) on Ethereum as more assets flow into DeFi. Ethereum’s TVL just hit a three-year high of $78.2 billion, up 36% from June 23. 😎

Ethereum still holds the TVL crown, with 58% market dominance. Solana? 7.2%. BNB Chain? 5%. Sorry, not sorry. 👑

ETH RSI Signals A $10K Run 📈

Ethereum’s three-week RSI chart is giving off major buy signals. Back in April, when the RSI hit 40, it flashed a “buy” signal. And historically, that’s been a BIG deal. 🚨

Every time the RSI hit this low before, Ether saw massive rallies—1,360% in 2021 and 350% in 2023-2024. Not a coincidence. 🔮

Crypto analyst Mikybull Crypto was already calling it back in April, saying, “This rare buy signal isn’t something to be ignored.” And if you listen to him now, you might just double your money. 📈

“$7K-$10K upper band target,” said Mikybull Crypto. Bring it on! 💥

Other analysts also believe ETH could skyrocket to $10,000 and beyond, citing bullish chart fractals, the ETH/BTC breakout, and all that sweet institutional love via ETFs and Ethereum treasury companies. 🏦

Read More

2025-07-17 18:01