🚀 Ethereum just flipped the switch. $ETH is back above $3K — and not just visiting. It’s now using it as support. Since July 14, ETH has surged +16%, hovering over $3.5K, powered by 🔥 spot ETF inflows and rising on-chain activity.
📉 Exchange reserves are dropping = accumulation mode.
💼 Big players are not trading — they’re holding.
📊 Meanwhile, Open Interest is soaring, pushing leverage ratios to new highs. Yes, that smells like risk... but also conviction.
The key driver?
👉 Shorts are getting wrecked.
Liquidations on Binance are stacking up — over $20M wiped in a day. Shorts are fueling the fire they tried to fight.
💼 Institutions are taking notice. Top 10 companies now hold 1.6M ETH (~$5B). SharpLink alone: 280K ETH. More corporate buyers = more demand.
Ethereum isn’t just a Layer 1.
It's becoming a store of value in real-time.