The Ethereum price has experienced a slowdown this month, but there are several factors that could potentially push it higher. Firstly, spot Ethereum ETFs have been receiving consistent inflows from Wall Street investors, with total inflows since inception reaching $3.15 billion. Secondly, Ethereum balances on centralized exchanges have decreased, indicating that holders are holding onto their coins instead of selling. Additionally, the Ethereum network is handling a significant amount of decentralized exchange transactions, positioning it as a competitor to Solana. Short-term charts suggest a bearish breakdown, but longer-term charts indicate a potential rebound, with the accumulation and distribution indicator rising and an ascending triangle pattern forming. A bullish breakout above the $4,061 level could lead to further gains, potentially reaching the all-time high of $4,945 and $5,000.



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