#CreatorPad Over the past month, ETH has experienced a surge followed by a pullback, retreating to the $3.5K-$3.8K range this morning. However, fundamental and funding signals remain bullish. In July, US Ethereum spot ETFs saw a record monthly net inflow of approximately $5.4 billion, indicating continued institutional buying. During the same period, Bitcoin ETFs also saw inflows of approximately $6 billion, demonstrating that the overall crypto asset class is attracting attention from traditional capital.

Beyond the technical aspects, the Pectra mainnet upgrade launched on May 7, 2025, optimizing the user experience and developer tools, creating exciting new possibilities for future applications and fee structures. Key mid-term observations include changes in ETF net inflows, on-chain activity (fees/active addresses), and Layer 2 usage. Position control and risk management remain crucial during periods of heightened volatility.