Ethereum DEX +76% & $2.1B ETF Inflows Propel ETH to $3,700

Published: 2025-07-21 07:28:41 |

Ethereum trading activity is accelerating: DEX volume jumped 76% in the past week and spot ETH ETFs drew $2.1 billion in fresh inflows. Following a 56% July rally fueled by institutional ETF demand, higher Layer 1 gas limits and Binance liquid staking, ETH climbed to $3,580—its highest since January and a 158% gain from May lows. Whale addresses remain active, with two new wallets acquiring over 58,000 ETH ($212 million). Derivatives volumes range from $39.5 billion to $65.3 billion daily, while spot volumes average $3 billion. Technical analysts point to a right-angled descending broadening wedge; a breakout above $4,100 could target $6,700, with near-term resistance around $3,700. Traders should track ETF inflows, whale buying and DEX metrics for confirmation. Meanwhile, PayFi presale project Remittix raised $16.6 million by selling 559 million tokens at $0.0842, supported by a 50% bonus and $250,000 giveaway.

Bullish

Strong Ethereum DEX volume growth, record spot ETF inflows and sustained whale buying—backed by network upgrades and bullish technical patterns—signal renewed demand. Short-term resistance at $3,700 and a higher breakout target of $6,700 suggest continued upward momentum, making the outlook bullish for ETH.