🔥 Ethereum Surged 50% in July – Is $4,700 the Next Stop or Will Resistance Win?

Ethereum just reminded the world who the real backbone of crypto is.

In July, ETH soared over 50%, making it the best monthly performance since 2022. The price peaked at $3,940 and cooled near $3,800, but the real story is who’s buying — and it’s not retail.

📊 U.S.-listed ETH spot ETFs absorbed $5.4 billion in net inflows during July, according to SoSoValue — the strongest inflow streak since ETF launch. At the same time, public companies are loading up ETH for their balance sheets, now holding $6.2 billion in total. Major names like Bitmine, SharpLink, ETHZilla, and Ether Machine have entered the scene.

🧠 ETH’s narrative has also shifted. Thanks to the new Genius Act regulating stablecoins, Ethereum is being positioned as the core infrastructure for the $250B stablecoin ecosystem. With over half of the world's stablecoins running on ETH, the demand for this Layer-1 giant could be just warming up.

But here’s the key: ETH is currently facing strong resistance around $4,000, where price failed to break out multiple times last year. Plus, August is historically slower for crypto, which may lead to a consolidation phase before the next leg.

Still, top analysts like Bob Loukas believe ETH might push to $4,700 if the momentum continues.

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🔄 My Spot Strategy:

• Watching ETH closely at the $3,750–$3,900 range
• Rotating small profits from meme coins into ETH for safer mid-term gains
• Holding 50% in USDT to buy deeper dips or add more on clean breakout

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✅ Conclusion:
This isn’t just a bounce — it’s a shift in who holds Ethereum and why. With ETFs and corporate treasuries backing ETH, this rally could have serious legs.

💬 Do you think ETH will break past $4,000 and head to $4,700 — or is this the top for now? Share your view!

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