Ethereum Looking Good 😍

Here’s the latest on Ethereum:

🚀 Market Pulse

ETH is trading around $3,749, with a modest day-to-day move.

In the past week and month, ETH has surged approximately 45%, reclaiming key support above $3,500—an indication of strong bullish momentum.

Institutional interest is at a fever pitch:

Public companies like BitMine Immersion, Bit Digital, and SharpLink Gaming are accumulating ETH in their treasuries, often staking it—echoing MicroStrategy’s bitcoin strategy.

Spot ETH ETFs just saw record inflows (~$727M in a single day, over $2B since July 4), with expectations of even more as staking becomes ETF-eligible (Investopedia).

📄 Headlines You Should Know

Tom Lee bullish on ETH fundamentals

Predicts an eventual rise to $15,000 this year, with a short-term target near $4,000, citing tokenization and treasury adoption.

Record open interest and short squeeze

ETH derivatives open interest hit ~$50B—indicative of heavy positioning that could fuel a short-squeeze and a push toward $4,000.

Bull-cycle technical setup

Analysts using Elliott Wave theory see ETH entering the “fifth wave” of a long-term bull run, potentially targeting $10,000.

Corporate treasury strategies intensify

SharpLink Gaming’s shares plunged 20% after a $6B plan to buy more ETH, while BitMine saw a ~30% stock jump following Peter Thiel’s stake.

Regulatory boost from GENIUS Act

U.S. House passed the GENIUS Act, advancing stablecoin regulation—this regulatory tailwind is a big plus for ETH, given its role in stablecoin ecosystems.

✹ Why It Matters

The momentum from institutional buys and ETF inflows is reinforcing a strong positive feedback loop.

Technical chart patterns, macro events, and regulatory clarity are all syncing toward a potential breakout zone around $4,000 in the short term, with longer-term targets ranging from $10K to $15K if current trends sustain.

#Ethereum #ETH #ETHUSDT

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