Ethereum ETFs’ weekly netflows hit $703M, but is $4000 coming up next?

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• Ethereum enjoyed 9 consecutive weeks of ETF thanks to Stablecoin and Tokenization. But can Bulls turn $ 3K resistance to support?

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Ethereum [ETH] has recently become a darling from Wall Street, although bitcoins attracted all the attention on the market. In fact, since mid -May, the US has seen Spot ETH ETF nine consecutive weekly pure tides.

This is not all, because the daily influx of ETF 10. July reached $ 383.10 million, which this week prompted $ 703 million (before Factoring Friday’s tide).

Overall, this weekly tide could compete with the influx of late 2024, which raised ETH to $ 4,000.

Tokenization increases ETH

In a recent report, loyalty compared ETH with a currency economy, not as technological shares, as Wall Street analysts had held before. AtThe asset manager claimed that ETH defines, acts as collateral and can earn dividends through betting.

In addition to this bull report, the narration of the stablecoin and tokenization has also increased significantly.

Plus, Bitwise recently projected that the tokenized market could grow by 4000 times over the next few years. Therefore, ETH can be one of the main ways to obtain an investment exposition.

Similarly, stablecoins, which also attracted massive attention from Wall Street, are expected to support ETH. For example – Tom Lee Fundstrat bet a large boom in Stablecoin, which manages the strategy of the ETH treasury strategy for the former Bitmine Imersion technology focused on BTC.

And justification is simple – Ethereum control 50% of the Stablecoin market. And again 75% Contemporary tokenized state treasury.

Meanwhile with BTC at a record maximum, analyst Ken Teng (Chicken Genius) believes that ETH could hit $ 4,000 earlier. Said

“Trend by the end of July. BTC makes new ATH again, ETH near $ 4K, rotation is your friend.”

The overall sales dynamics of pressure also leaned somewhat to the Teng projection.

Depending on the tide of the stock exchange, the number of shifting coins moved in July. This coincided with ETH an increase from $ 2.2,000 to $ 3,000.

If the low sales pressure trend is expanded, the bulls might try push up. As already mentioned, the price of ETH can be at the intersection at $ 3K. This area was supported in 2024 and was lost at the beginning of this year.

Reclamation as support would strengthen the bull structure of the market. And the value of the printing time can still be a strong purchase, according to the SuperTrend indicator.

It is worth noting, however, that the daily RSI entered the zone converted on graphs. And the assembly could be cooled if May’s price action repeats.