Overview

• Ethereum has settled into a trading band between $3,720 support and $3,840 resistance after peaking at $4,094 on July 30.
• The number of whale wallets holding at least 10,000 ETH rose by 90 in the past two weeks, marking an increase of over 8 percent.
• World Liberty Financial added 256 ETH on July 30, bringing its total holdings to 77,226 ETH valued at about $296 million.
• ETH is trading above its 100-hour simple moving average and remains firmly supported at the $3,700 level.
• Record inflows into U.S. spot ETH ETFs and approval for in-kind ETF creations have bolstered renewed institutional interest in the market.