Analysis of the probability of $ETH breaking through 4000 in the short term



According to ETF data, on August 4th, there was a net outflow of approximately -465 million USD in a single day (mainly from ETHA), but on August 5th, it quickly turned into a net inflow of +73.3 million, and on August 6th, it continued with +35.1 million. The funding situation has clearly improved.
In the first two weeks of August, the net increase in ETH spot ETF holdings accounted for approximately 0.3–0.4% of the circulating supply.

Not only $BTC, but the exchange inventory of $ETH is also approaching historical lows. The conventional interpretation is that selling pressure is decreasing, but the current resistance is more of a psychological barrier rather than actual sellable volume.

The benefits of the EIP-4844 upgrade have not yet been fully priced in. If $ETH remains around 3800 this weekend, next week's CPI data will become a key driver.

In other words—if the funding situation and on-chain narrative are not enough to push $ETH above 4000, then we can only wait for macro or regulatory catalysts.
ETH3.32%
BTC-0.33%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
GateUser-4f8145acvip
· 08-10 07:22
6666666666666666666666666
Reply0
XiaoweigeTradesShort-tvip
· 08-10 01:44
Teacher Da Shuai, what time do you usually go live?
View OriginalReply0
View More
CryptoMabuSvip
· 08-08 21:41
HODL firm 💪
View OriginalReply0
Carpediem!vip
· 08-08 12:05
HODL💎
View OriginalReply0
GateUser-d50bf97evip
· 08-08 10:02
Hold on tightly 💪
View OriginalReply1
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)