Inflows into ETH-ETF can stabilize the market$ETH
According to the Bitget liquidation map for ETH/USDT, over $5.78 billion in long positions are concentrated in the range from $3,358 to $3,875. At the time of writing this analysis, ETH is trading near the upper boundary of the specified zone. Thus, a bullish breakout could signal the beginning of a new rally, while a breakdown of the lower boundary of the range could trigger a cascade of liquidations.
In July 2025, ETH ETFs attracted $5.12 billion, setting a record for the past year. Notably, this involves not only retail investors but also institutions—they actively invested in both the spot market and the derivatives market.
If the price of ETH rises above $3,900, it could lead to the forced closure of short positions, especially considering that over $1 billion in shorts are waiting their turn.
Exchange reserves add another bullish factor
The optimistic scenario is complemented by low reserves on exchanges. Despite ETH rising more than 57% from last month's lows, the volume of tokens on exchanges has not increased. On the contrary, monthly reserves on exchanges are at the second-lowest level in over a year.
