Overview
- Ethereum is trading around $3,800, holding support just under the $3,840–$4,000 resistance zone following a 60% surge this month
- ot ETETH ETFs drew over $5.4 billion in July inflows, with BlackRock’s iShares Ethereum ETF now holding more than 3 million ETH
- The U.S. SEC’s green light on in-kind creations and redemptions for Ethereum ETFs enhances capital efficiency for large investors
- On-chain data show whale wallets accumulated upwards of $4 billion in ETH during July, underscoring buy-side confidence
- Myriad Markets assign roughly 64% odds that ETH will exceed its November 2021 all-time high by December 31, 2025