$ETH

🚀 ETH Snapshot – July 16, 2025

Price: ~$3,300 (up ~7% in 24 h)

Open interest: Record ~$46.6B in ETH futures — strong bullish conviction

Institutions piling in:

Q2 saw ~$14B inflows into BlackRock spot BTC & ETH ETFs ($192M directly into ETHA)

SharpLink Gaming now holds $840M treasury) after recent purchases

🔥 Drivers Behind the Surge

Factor Summary

Alt-season momentum ETH/BTC breakout (~+50% since April) hints at a broader altcoin run

FOMO & leverage Record open interest + network fee burn suggests rising demand and supply squeeze

Technical momentum Now trading above $3,200 for the first time since Feb; markets pricing ~74–75% chance of $3.3k by month-end

🎯 Trader Takeaways

Momentum remains strong: ETH holding $3,200+ — further upside likely.

Short-term targets: $3,300 → $3,500 → $4,000

Watch levels:

Key support: $3,100−3,200

Resistance: $3,300 (psychological), then $3,500

➡️ DYOR .

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