Ethereum Looking Good đ
Hereâs the latest on Ethereum:
đ 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 $3,500âan 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 itâechoing MicroStrategyâs 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).
đ 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 ~$50Bâindicative 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 âfifth waveâ of a long-term bull run, potentially targeting $10,000.
Corporate treasury strategies intensify
SharpLink Gamingâs shares plunged 20% after a $6B plan to buy more ETH, while BitMine saw a ~30% stock jump following Peter Thielâs stake.
Regulatory boost from GENIUS Act
U.S. House passed the GENIUS Act, advancing stablecoin regulationâthis regulatory tailwind is a big plus for ETH, given its role in stablecoin ecosystems.
âš 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.