Ethereum DEX +76% & $2.1B ETF Money Dem Push ETH Go $3,700
Ethereum trading don dey waka gidigba: DEX volume jump 76% last week and spot ETH ETFs draw fresh inflow of $2.1 billion. After correct 56% rally for July wey institutional ETF demand carry, plus higher Layer 1 gas limits and Binance liquid staking, ETH climb to $3,580—na im highest since January and e don gain 158% from May low points. Whale addresses still dey active, two new wallets buy over 58,000 ETH ($212 million). Derivatives volumes dey range from $39.5 billion to $65.3 billion every day, spot volumes average $3 billion. Technical analysts talk say pattern be right-angled descending broadening wedge; if breakout pass $4,100, e fit target $6,700, near-term resistance around $3,700. Traders suppose dey watch ETF inflow, whale buying plus DEX metrics to confirm. Meanwhile, PayFi presale project Remittix don raise $16.6 million selling 559 million tokens at $0.0842, supported by 50% bonus and $250,000 giveaway.
Bullish
Strong Ethereum DEX volume growth, record spot ETF inflows and sustained whale buying—wey network upgrades and bullish technical patterns back am—dem show renewed demand. Short-term resistance at $3,700 and higher breakout target of $6,700 mean say momentum go still dey upward, e make outlook for ETH na bullish.