Greg Miller
--
Bullish
Ethereum profits are surging again, but this time, short-term traders are leading the charge.
In July, $ETH 7-day avg profits hit $771M/day, higher than Dec ’24’s peak, before easing to $553M/day now.
🔹 Most gains came from wallets holding <6 months
🔹 No signs yet of heavy profit-taking that usually marks a market top
This rally is running on active trading, not weakness, so $ETH might still have more room to grow if buying continues.
#ETH #Ethereum #GregLens
In July, $ETH 7-day avg profits hit $771M/day, higher than Dec ’24’s peak, before easing to $553M/day now.
🔹 Most gains came from wallets holding <6 months
🔹 No signs yet of heavy profit-taking that usually marks a market top
This rally is running on active trading, not weakness, so $ETH might still have more room to grow if buying continues.
#ETH #Ethereum #GregLens
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.