$ETH
1. New record price in 6 months
On July 18, the price of Ether reached its highest level since December 2024 – hitting $3,675.81 with a strong rise before stabilizing around $3,601.40, supported by increasing demand for stablecoins, reflecting growing confidence from financial institutions.
2. Strong inflows into ETH ETFs
ETH funds priced to consumers like spot ETFs saw record inflows: over $727 million in a single day and $2 billion since July 4. Bitwise confirmed sustained demand, stating that funds and corporate treasuries collected 32 times the new supply issued since May.
3. Growth in the institutional sector and corporate plans
BitMine Immersion (backed by investments from Peter Thiel and some prominent founders like Cathie Wood) announced it owns over $1 billion in ETH, with the company's shares rising by more than 30%. Companies like SharpLink and The Ether Machine entered the race to accumulate ETH as an institutional treasury.
4. Technical and fundamental reasons for the bullish market
Charts indicate a breakout above significant resistance areas around ~$3,720 – $3,800 with support at $3,670, with expectations of reaching $3,850‑$4,000. Signals of a technical pattern resembling an “end of a bullish wave” could drive a larger breakout towards $8,000 in the next phase.
5. Analyses and future forecasts
Bitwise: A supply-demand scenario could push ETH above $4,000 quickly, with a potential temporary pullback at the $3,800 resistance. Ongoing analyses suggest the possibility of the price reaching an average of $8,000.
