Ethereum 60% Rally Na Driven by ETF Inflows and Whale Buys
Ethereum carry comot 60% price increase for July because of record ETF inflows and retail people dey take profit. More than 1 million ETH don comot from exchange within two weeks as big whales plus high wealth investors dey gather more. Ethereum derivatives still dey strong: futures open interest near $22.4 billion and funding rate steady around 0.0049. On-chain data show say fundamentals good and selling pressure low. Technically, ETH dey hold ground above $3,450, with RSI at 52.4 and MACD near bullish crossover. Traders suppose dey watch ETF inflows, whale moves, and withdrawals from exchange for possible breakout signs.
Bullish
Record ETF inflows plus persistent whale accumulation don drive recent Ethereum price surge and cause big withdrawals from exchanges. Healthy futures open interest and stable funding rates mean balanced leverage. On-chain metrics dey show say selling pressure don reduce, and technical consolidation above key support suggest say their still room for renewed buying. For short term, these factors fit fuel more gains. For long term, continuous institutional demand through ETFs and strong fundamentals fit support more upside.