$ETH

🔍 ETH Snapshot

Price: ~$3,554 (slight pullback from recent highs)

Spot ETF Inflows: ~$727M on July 17; ~$2B+ since July 4 – hitting new records

Total ETH ETF AUM: Surpassed $7B after fastest-ever $1B addition in 2 days

Futures Open Interest: Record-high $24.5B (37% monthly gain) – signs of heavy leverage, approaching 6.4% of supply (turn0search10)

Network Burn & Usage: Fees soared +109%, fueling high ETH burn rates

🔥 Key Drivers

1. Institutional Surge: ETH ETFs regularly outpacing BTC — share of inflows above 88% of BTC’s; ETHA led with ~$547M on July 17

2. On-chain Strength: Fee burn & network usage rising — supports deflationary thesis

3. Derivatives Hype: Open interest at ATH but brings elevated liquidation risk if price stalls

🎯 Trader Strategy

Action Entry/Trigger Target Stop-Loss

Breakout Buy Above $3,600 on volume 🔄 $3,800 → $4,000 Below $3,400

Dip Buy Around $3,400–3,450 Push back to $3,600 Below $3,350

Leverage Watch If OI rises but price stalls, expect sharp pullback.

⚠️ Risks & Watchpoints

FOMO & Leverage: Elevated OI (~6% of supply) may trigger liquidations if momentum fades

Regulatory Tailwind: GENIUS Act + staking clarity likely boosting sentiment

Macro Reaction: Any delays in Senate approval or global macro shifts may cool momentum

➡️ DYOR .

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