#ETH冲击4800# The price of Ethereum has risen to a 6-month high driven by record ETF inflows and increased network activity, with an RSI buy signal at 40 points in April. Historically associated with significant rises in ETH prices, indicating a potential price target of $7000-10000 by 2025.

The price performance of Ethereum is driven by a surge in institutional demand, with the spot ETH ETF recording a record inflow of $727 million on Wednesday. This marks the entry of large funds. Over $726 million flowed into the ETH ETF in a single day, with half coming from BlackRock.

Ethereum network activities are active, and TVL is continuously rising!
The strength of the ETH price is reflected in on-chain activities. According to data from Nansen, the number of active addresses on Ethereum has increased by 9.4% over the past 30 days and by 2% in the last 24 hours, reaching 1.49 million on Thursday. Daily active addresses have also increased by 6.7% in the last 24 hours, reaching 463,880.
In addition, Ethereum's network fees increased by 139% to $14 million last week. On the daily timeframe, fees have risen over 475% since July 5, reaching $3.11 million on Thursday.
Higher network fees not only reflect the growing demand for ETH but also drive the demand for Layer 2 solutions and DApps. This has increased the Total Value Locked (TVL) on Ethereum as more assets are staked or used in DeFi. According to DefiLlama data, Ethereum's TVL rose from $57.2 billion on June 23 to a three-year high of $78.2 billion on Thursday, an increase of over 36% in three weeks.

Ethereum remains the undisputed leader in terms of TVL, with a market dominance of 58%. In comparison, in layer one chains, Solana's share is 7.2%, and bianbi is 5%.

Ethereum RSI signals indicate that the ETH price will rise to $10,000.
The 3-week chart of Ethereum shows that the Relative Strength Index (RSI) issued a "buy" signal when it reached 40 in April. Historically, the RSI has bottomed at this level, followed by a significant pump in ETH prices.
The previous confirmation signals of this indicator brought a rise of 1360% and 350% in Ethereum prices in 2021 and 2023-2024 respectively.
Renowned cryptocurrency analyst Mikybull Crypto noted this signal in April, stating, "This rare buy signal should not be ignored." "If you heed the call, now is the time to double down," the analyst said on Thursday, referring to his earlier predictions. According to Mikybull Crypto, when the RSI reaches the upper band, the price of Ethereum could peak between $7000 and $10000.

Other analysts believe that ETH has the ability to pump to $10,000 and higher this year, citing reasons including technical chart fractals, bullish breakouts in the ETH/BTC trading pair, and increased institutional demand through ETFs and Ethereum inventory companies.