Ethereum Don Pass $3,600 Because ETF Money Dey Enter, Crypto Market Cap Don Reach $4T
Ethereum don climb pass $3,500 on July 18, e cause over $800 million liquidation as e beat Bitcoin, break im 200-day moving average and bounce back 100% from Q2 low. Fresh institutional demand carry US-listed spot Ethereum ETFs reach record $1.7 billion inflow—highest since December 2024—push ETH 9% rise to $3,642, with weekly and monthly gains of 22% and 43% respectively, plus carry im market cap to $439 billion. Corporate treasury allocation add more power, push total crypto market cap pass $4 trillion. Bitcoin dey trade above $120,000 (98% supply dey make profit), XRP reach record $3.64 (market cap $207 billion), main altcoins BNB and SOL dem too show big gains. Better US regulatory outlook don ginger confidence, but analysts dey warn say Bitcoin fit correct go $108,000. Traders suppose dey watch ongoing volatility and altcoin momentum for short-term opportunities.
Bullish
Dis news dey bullish for Ethereum. The big ETF inflows and corporate treasury allocations show say strong institutional demand dey, e dey support short-term price momentum above key resistance levels ($3,500 and $3,600). The break above the 200-day moving average plus 100% rebound from Q2 lows dey further prove technical strength. More so, the wider crypto market cap pass $4T and better US regulatory outlook dey back long-term confidence for Ethereum’s growth. Traders suppose expect more volatility but with upward bias as inflows and regulatory developments dey push sustained buying pressure.