Ethereum Don Hit $4,720 Because ETF Money Dey Enter, $250M Shorts Dem Don Washout
Ethereum don extend dia rally from under $2,500 for July reach $4,720 peak for August 13 after e break the $4,060–$4,300 resistance zone. Strong US spot ETF inflows—wey peak $726.6 million inside one day—plus record on-chain activity and increasing staking participation make the surge happen, attract big investors like Ark Invest and Fundamental Global. CryptoQuant data show say the all-exchange Estimated Leverage Ratio be 0.68, close to historic highs, while Binance netflows dey show possible sell pressure from liquidations and arbitrage. Over $250 million short positions don liquidate within 24 hours, show say volatility and liquidation risk don high. Still, ongoing institutional accumulation and upcoming network upgrades Pectra and Fusaka, wey promise beta scalability and lower fees, dey support better bullish outlook for Ethereum.
Bullish
Strong spot ETF inflows wey carry total ETF holdings pass 5 million ETH with $726.6 million daily net inflows, plus record on-chain activity and more staking, show say institutional demand strong and fundamental base tight. Dem liquidate over $250 million short positions and the high Estimated Leverage Ratio show say short-term volatility and liquidation risk don rise. But steady capital inflows from big investors and coming network upgrades Pectra and Fusaka—wey promise beta scalability and lower fees—support better medium-to-long-term outlook for Ethereum.