💙 Gate Square #Gate Blue Challenge# 💙
Show your limitless creativity with Gate Blue!
📅 Event Period
August 11 – 20, 2025
🎯 How to Participate
1. Post your original creation (image / video / hand-drawn art / digital work, etc.) on Gate Square, incorporating Gate’s brand blue or the Gate logo.
2. Include the hashtag #Gate Blue Challenge# in your post title or content.
3. Add a short blessing or message for Gate in your content (e.g., “Wishing Gate Exchange continued success — may the blue shine forever!”).
4. Submissions must be original and comply with community guidelines. Plagiarism or re
🔷Ethereum breaks out: ETFs, DeFi, golden cross fuel $6,800 bull case
🔹Ethereum is riding a powerful rally — fueled by record-breaking U.S. spot ETF inflows, growing institutional accumulation, and surging on-chain activity — that has pushed prices to their highest level since 2021 and set the stage for a potential run toward $6,800.
🔹ETF inflows and DeFi dominance boost Ethereum jumped to a high of $4,170, its highest level since December 2021, and nearly 200% above the lowest level this year.
Demand from American investors is high as evidenced by SoSoValue data, which shows that spot Ethereum ETF inflows jumped by $326 million this week.
These funds have experienced inflows for 14 consecutive weeks, totaling $9.8 billion in cumulative inflows. BlackRock’s ETHA ETF has had cumulative inflows of $9.85 billion and has net assets of $12.35 billion.
Grayscale’s ETHE ETF has experienced net outflows of $4.3 billion and currently holds $4.5 billion in assets. It has shed assets mostly due to its high fees, with an expense ratio of 2.50%. The other top Ethereum funds are by companies like Fidelity, Bitwise, and VanEck.
🔹Ethereum continues to dominate in the decentralized finance industry, with its total value locked jumping to $195 billion and its bridged assets surging to $501 billion.
Ethereum’s stablecoin market share has increased, with the total industry supply reaching $137 billion. This growth will make it a top beneficiary from the recently signed GENIUS bill in the United States.
📈Ethereum price technical analysis
🔸The three-day chart shows that the ETH price has been in a strong bull run since April, when it bottomed at $1,392. It recently formed a golden cross pattern as the 50-day and 200-day moving averages crossed each other. A golden cross often confirms a bullish breakout.
🔸Ethereum also formed an inverse head-and-shoulders pattern, with its neckline at $4,090. This pattern is made up of a head, which is at the April low of $1,392. It also has two shoulders at $2,153.
🔸The distance between the head and shoulders is $2,700. Adding this amount to the neckline yields a target price of nearly $6,800, representing a 68% increase from the current level.
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