Ethereum’s 60% Rally Driven by ETF Inflows and Whale Buys

Published: 2025-08-04 00:09:16 |

Ethereum posted a 60% rally in July, driven by record ETF inflows and retail profit-taking. Over 1 million ETH were withdrawn from exchanges in two weeks as whales and high-net-worth investors ramped up accumulation. Ethereum’s derivatives metrics remain healthy: futures open interest near $22.4 billion and a stable funding rate around 0.0049. On-chain data show positive fundamentals and reduced selling pressure. Technically, ETH consolidates above $3,450 with RSI at 52.4 and MACD near a bullish crossover. Traders should monitor ETF inflows, whale movements, and exchange withdrawals for potential breakout catalysts.

Bullish

Record ETF inflows and sustained whale accumulation have driven Ethereum’s recent price surge and led to significant exchange withdrawals. Healthy futures open interest and stable funding rates indicate balanced leverage. On-chain metrics show reduced selling pressure, and technical consolidation above key support suggests scope for renewed buying. In the short term, these factors can fuel additional gains. Over the longer term, continued institutional demand via ETFs and sturdy fundamentals may support further upside.