Ethereum Price Forecast: Bullish Sentiment vs. Bearish Signals as Traders Eye $3,000

Ethereum (ETH) fell to $2,510, a 3% decline on Friday, despite significant inflows into Ethereum ETFs and increased institutional interest.   This dip occurs despite people’s excitement for US spot Ethereum ETFs, which are expected to have eight weeks of net inflows, totaling roughly $2 billion, according to SoSoValue.   However, technical indicators show that there could be a downturn.

ETF inflows and institutional confidence fuel optimism

Ethereum ETFs had $148.5 million in net inflows on Thursday alone, the second-highest total since February. Companies such as SharpLink Gaming, which is currently the largest publicly traded holder of ETH, and BitMine’s decision to migrate from Bitcoin to Ethereum are contributing to the current upward trend.   Robinhood’s test launch of tokenized US equities on Arbitrum Layer 2 exemplifies how Ethereum can be utilized for tokenization.

  People are becoming more optimistic about equities on social media.   Sean Dawson, Derive’s head of research, stated that over 80% of ETH call options expiring in July had target values greater than $3,000.

Technical Warning: The Death Cross Is Coming

However, technological signs are triggering alarms.   A hypothetical “death cross” on the weekly chart, where the 50-period SMA falls below the 100-period SMA, might result in a 35% loss based on previous events. If this is true, ETH’s price might return to $1,750.

The Federal Reserve’s July meeting, as well as critical votes on the GENIUS and CLARITY legislation, could significantly alter people’s perceptions of the market, adding to the uncertainty.

Ethereum’s next move might impact investors’ perceptions of the entire cryptocurrency sector, which is caught between soaring hope and looming technical issues.

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