Ethereum fell 2% in June, but July could be a bullish month for ETH. Here are 4 strong signs pointing to a possible breakout 👇
🔹Layer 2 Growth Is Helping ETH
After the Dencun upgrade, Ethereum’s base fees dropped a lot, hurting short-term price, but scaling L2s like Arbitrum, Optimism, and Starknet are still powered by Ethereum.
Money didn't leave Ethereum. It just moved to L2s that strengthen the network. This shows ETH is still the backbone of DeFi.
🔹SharpLink Buys $30M in ETH
Just like Strategy piled up BTC and boosted its stock, SharpLink is now building an Ethereum treasury.
Wall Street noticed: SharpLink stock jumped from $3.76 to nearly $80 in 8 days! This signals growing institutional interest in ETH.
🔹Whale Buys $39M ETH on the Dip
On June 22, a big player grabbed $39 million in ETH, taking advantage of the 24% correction.
When whales buy the dip, it’s usually a sign that smart money sees upside.
🔹Bit Digital Swaps $34M BTC for ETH
Bit Digital, a public company, sold $34M in BTC to buy ETH and focus on staking and yield strategies.
This kind of treasury shift shows rising confidence in ETH’s future, especially with yield from staking and L2 activity.
Plus, ETH tends to move harder than BTC in both directions. During April–June’s mini bull run, BTC gained +46%, while ETH doubled — gaining +100%!
📈 With analysts forecasting BTC at $150K–$200K by year-end, ETH could follow with even bigger % gains — just like past cycles.
TL;DR:
Ethereum might’ve dipped in June, but July is looking strong with whale buys, corporate ETH accumulation, L2 growth, and bullish chart patterns.
Watch $ETH closely, alt season might just be warming up.
