📌Market Overview
👉• ETH trades at $3,702.40 after 56% July surge with key resistance at $3,950
• New address growth up 29.94%, showing expanding retail participation
• Long-term holder sentiment remains positive with +12.36% MVRV ratio
• Institutional momentum builds as ETF flows reshape market dynamics
Institutional Capital Flows
• July ETF inflows totaled $5.4 billion, with BlackRock's ETHA leading ($88.8M on August 5)
• "Strategic ETH Reserve" formed by 63 entities holding $9.11B in ETH
• Single-day fund flows reached $726M, demonstrating accelerating institutional interest
• Extremely bullish long/short ratio (20.97) reflects institutional positioning
Technical Outlook
• Current consolidation below $3,950 sets stage for potential move toward $4,200 if broken
• Negative Net Taker Volume (-$418.8M) suggests short-term profit-taking
• EIP-7999 upgrade acts as fundamental catalyst for institutional confidence
• ETF regulatory progress creates structured framework for continued institutional adoption
Trading Strategy
• Consider scaling into positions during retracements to $3,650-3,700 support zone
• Watch ETH/BTC pair for relative strength indicators against Bitcoin
• Position for volatility around key resistance levels while maintaining core holdings
• Focus on staking yield opportunities highlighted by institutional strategies
