🚀 Ethereum’s July Boom: What’s Next?
$ETH just wrapped up one of its strongest months ever — +60% in July 📈. Massive ETF inflows (1.6M ETH) + over 1M ETH withdrawn from exchanges in just 2 weeks 🔒 signal that long-term holders & whales are stacking.
💡 Whale activity surged, with $1M+ transactions hitting multi-week highs. Open Interest in ETH futures stays healthy at $22.4B, funding rates balanced — meaning the market is ready for a decisive breakout if the right catalyst appears.
At press time, ETH is holding steady above $3,450. The correction slowed, RSI is neutral (52), and selling pressure is easing. This consolidation might be the calm before the next leg up ⏳.
🔍 My take: As long as ETH holds key support, the setup for another bullish push remains intact. Accumulation + ETF demand = strong fundamentals. Just remember — the market loves to shake out the weak hands before the real move.