Ethereum Ranges Tight on ETF Inflows and Exchange Reserves

Published: 2025-07-06 11:31:05 |

Ethereum’s reserves on Binance surged to 4.9 million ETH, the highest level since May 2023, hinting at potential selling pressure. Yet U.S. spot demand remains robust, with Ethereum ETFs drawing $148 million on July 3 and net assets topping $10.8 billion. On the four-hour chart, ETH trades in a narrowing triangle between $2,478 support and $2,558 resistance, with neutral RSI and bullish-leaning EMAs. Analysts see a break above $2,560 targeting $2,639–$2,723, while a drop below $2,478 risks $2,388–$2,320. Bitwise projects total ETF inflows may reach $10 billion by year-end, underpinned by tokenized asset use cases and a favorable SEC stance on staking. Traders await a clear catalyst for the next directional move.

Neutral

While Binance’s record Ethereum reserves and substantial ETF inflows signal strong institutional interest and potential volatility, price action remains confined to a tightening range with neutral momentum indicators. Short-term traders can target breakouts above $2,560 or breakdowns below $2,478, but the lack of a clear catalyst suggests continued consolidation before a decisive move.