Ethereum has emerged as a standout among crypto markets, surging more than 50% in July alongside smart institutional accumulation, heavy ETF inflows, network upgrades, and supportive macroeconomic signals. Binance played a pivotal role—not only in facilitating record futures activity (with open interest topping $10.75 billion) but also in transferring thousands of ETH to market-makers like Wintermute amid the rally. These on-chain movements reflect renewed confidence and liquidity dynamics bolstering ETH’s ascent toward psychological and technical resistance zones. Together, these developments underscore Binance’s integral influence in amplifying Ethereum’s bullish momentum.
