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3w ago

Ethereum Consolidates Near $3,800 as On-Chain Withdrawals Signal Supply Squeeze

Record ETF inflows have triggered a supply squeeze with over 1 million ETH withdrawn from exchanges in two weeks, signaling growing conviction ahead of a possible push above $4,000.

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Bitcoin Perpetuals flip below Spot at $113K – This usually leads to...
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Overview

  • Institutional investors poured a record $5.43 billion into spot Ethereum ETFs in July, driving ETH from the mid-$2,000s to a July peak near $3,900.
  • On-chain data shows more than 1 million ETH withdrawn from exchanges in the past two weeks, reflecting aggressive accumulation by long-term holders.
  • Ethereum is trading between $3,500 and $3,800 and needs a decisive close above the $3,941–$4,000 resistance zone to sustain bullish momentum.
  • Investors are rotating into payment-focused altcoins such as Remittix, which has raised $17.9 million in its presale and plans a wallet beta launch in Q3.
  • Market participants are eyeing the potential approval of a spot Litecoin ETF by year-end as a new catalyst for regulated crypto adoption.