Is the $5,000 Target Achievable?

ETH is trading above its 20-day moving average, maintaining short-term bullish momentum. The current support level is around $4,468. The main resistance level is at $4,800. If this level is surpassed, ETH is likely to test the $5,000 target.

The Relative Strength Index (RSI) is currently at 57, indicating that ETH has not yet entered the overbought zone and still has room for potential upward movement.

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Interest in Ethereum ETFs is boosting institutional investors’ confidence in ETH. Notably, BlackRock’s Ethereum ETF (ETHA) recorded inflows exceeding $265.74 million in a single day, indicating wider acceptance among institutional investors.Additionally, open interest in CME Ether futures reached $10 billion, setting a record and showing increased institutional participation.

Analysts expect ETH to rise up to $7,000 by the end of the year. This expectation is supported by growing institutional investments and macroeconomic factors increasing interest in ETH. However, some experts note that surpassing the $6,000 level could be challenging.

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Historic Inflows in ETFs

According to SoSoValue data, U.S. spot Ethereum ETFs saw $326 million in inflows this week alone. Over the last 14 weeks, the total inflow has reached $9.8 billion.

• BlackRock’s ETHA ETF maintained its leadership with a total inflow of $9.85 billion, and its net assets stand at $12.35 billion.
• Grayscale’s ETHE ETF experienced $4.3 billion in outflows due to high management fees (2.50%), with its assets declining to $4.5 billion.
• Major funds such as Fidelity, Bitwise, and VanEck are also active in the market.

On the institutional buying side, Ethereum treasury companies stand out. SharpLink Gaming purchased 22,000 ETH this week, increasing its total holdings to $2.17 billion. BitMine and The Ether Machine hold $3.45 billion and $1.4 billion worth of ETH, respectively.

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DeFi and Stablecoin Dominance

The number of transactions on the Ethereum network has increased by 52% to over 47 million in the last 30 days. During the same period, transaction fees reached $48 million.
The total value locked (TVL) in the DeFi ecosystem stands at $195 billion, with bridge assets totaling $501 billion. Stablecoin supply has reached $137 billion, solidifying Ethereum’s leadership in the DeFi and stablecoin markets. With the implementation of the GENIUS Act in the United States, this dominance is expected to grow further.

Golden Cross and Inverse Head-and-Shoulders

In the three-day chart, ETH price has strongly recovered from the $1,392 low seen in April. The 50-day moving average crossing above the 200-day moving average has formed a golden cross pattern, which is generally considered an early signal of long-term bullish trends.

The chart also clearly shows an inverse head-and-shoulders pattern with a neckline at $4,090. The target measurement of the pattern, adding the $2,700 difference between the head and the neckline to the neckline level, points to a target price of $6,800. This target represents approximately a 68% potential increase from current levels.

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Sharp Rebound After Losing 13$ Support

Our previous analysis indicated a key support level between 13.45$ – 13$, which was broken downward. Following that move, Trump Coin began approaching the targeted 12.10$ – 11.30$ region. Yet, without fully touching this zone, it bounced back with strong momentum, signaling bullish intent.

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The rebound led to a recovery of the resistance level, pushing the price toward the 14$ mark. Should this level be broken decisively, the next target on the radar is 15.50$. This implies a potential upward move of 13%, offering short-term opportunities for traders.

Traders Watching 15.50$ Target

For short-term investors, the 14$ level serves as a crucial resistance. A breakout here could mark the beginning of a new uptrend for Trump Coin. Technical indicators are beginning to reflect this bullish potential with increasing conviction.

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If this zone fails, the next key support lies at $18.90, which could mark the beginning of a short-term corrective phase.

A Break Above $23.20 Could Lead to $26.90

On the upside, a strong break above $23.20 could open the doors for a move toward $26.90. This breakout would indicate renewed bullish strength and potential for a sustained upward trend.

Traders should watch volume closely — breakouts or breakdowns without volume may lack conviction. The current price action may be the calm before a decisive move.

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