Ethereum surged by 21.45% recently but traders are cautious about profit-taking. Current liquidity is tightening with falling staked reserves. Heavy institutional inflows into spot ETFs point towards a bullish outlook for Ethereum as it approaches key resistance levels.
The derivatives market shows a notable 60% short skew, creating potential for a short squeeze. With ongoing buying from institutions, Ethereum’s price momentum suggests it may break through the $5,000 barrier before Q3 ends.
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