ETH to the Moon? 🚀 (Maybe)

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Right then. Apparently, some people are getting rather excited about the price of ETH. It’s bobbing around the $4,000 mark, which is almost as impressive as remembering where you left your hat. Not seen those numbers since December 2024, you know. Ancient history. 👵

Currently hovering around $3,800 (give or take a few goblins’ worth), Ethereum’s gone up 30% in a week. That’s…a lot. Apparently, it’s all down to ‘investor enthusiasm’ and ‘improving regulatory environment.’ Which, translated from Bureaucratese, means someone finally figured out how to make a profit. 🤔

ETF Inflows: The Magic Money Tree

It seems a lot of this sudden surge is down to people with rather large piles of money – the sort who employ people to choose their socks – deciding to put it into these newfangled “spot Ethereum ETFs.” It’s like a magic money tree, only instead of apples it grows…well, more money. Go figure. 🌳

On July 16th, they chucked a truly astounding $727 million in. That’s enough to buy a small country, probably. BlackRock was particularly enthusiastic, flinging in $499.2 million of it. Someone clearly has faith. Or a very good accountant. 🧐

This, naturally, means Ethereum is “maturing” as an investment. Which sounds suspiciously like it’s getting old. But apparently, the grown-ups are interested now. Which is…something.

It’s all remarkably similar to what happened with Bitcoin, which suddenly became terribly fashionable with the financial types. And now it’s ETH’s turn to sparkle. Experts are saying it’s on the same path, which is just what experts always say when something goes up. 😇

Laws and Lines on Charts: Things Going Up?

Aside from the money flooding in, apparently some politicians have been passing laws. The US House of Representatives managed to agree on something, including the GENIUS Act (a name which is, frankly, a bit optimistic). It’s all meant to make things clearer for stablecoins and the like. Which is good, because “regulatory clarity” sounds considerably less terrifying than “regulatory fog.” 🌫️

These laws are supposed to help the Decentralized Finance (DeFi) people. Which is good, because nobody really understands what they do. But apparently, it’s important. And the charts! Oh, the charts! They’re showing a ‘breakout’ from a ‘multi-year symmetrical triangle’. Which, to the untrained eye, looks like a lot of wobbly lines. 📊

The $ETH chart looks nuclear.

Triple RSI bounce. Compression building.
Macro channel fully intact.

When this blows, $5K won’t be the end it’ll be the beginning.

It’s rewriting the narrative.

— Merlijn The Trader (@MerlijnTrader) July 21, 2025

According to a chap called Merlijn The Trader (sounds like a wizard, doesn’t he?), it’s all looking “nuclear.” Whatever that means. He reckons it could hit $5,000 and then, well, who knows? Maybe $17,000. If everything goes exactly right, and the gnomes are feeling generous. 🧙‍♂️

A Little Bit of Caution (Just in Case)

Now, before you remortgage your house, some sensible souls are suggesting things might cool down a bit. It’s gone up 79% in 30 days, which is a bit like trying to run up a hill while juggling chainsaws. It’s bound to get tiring eventually. 😵

History, it seems, has a habit of repeating itself. And in early 2024, ETH did a similar jump, then promptly lost a chunk of its gains. So, they’re saying it might drop back to $2,900. But don’t panic! Apparently, that’s a good time to buy. If you’re feeling brave. And have spare money. 💰

Back in April/May, $ETH went +100% in 60 days

After that it pulled back -26%

Now $ETH has gone +80% in 30 days

A similar pullback (-25%) would see us retest the key 2.9k midrange level

If that happens, you buy with your eyes closed

— フ ォ リ ス (@follis_) July 20, 2025

So there you have it. Lots of money, some laws, some charts, and a healthy dose of speculation. Ethereum remains…interesting. Whether it’s a good investment or just another bubble remains to be seen. But at least it’s keeping the financial world entertained. And probably confusing a lot of accountants. 🤷‍♀️

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2025-07-21 17:26