$ETH

The price of Ethereum has risen by 3.52% in the last 24 hours to reach $3,864, driven by ETF inflows, optimism regarding a trade agreement between the United States and the European Union, and positive technical momentum.

ETF inflows of $453 million (July 25) indicate institutional demand.

The tariff agreement between the United States and the European Union (July 27) eased economic uncertainty.

Technical breakout above the main resistance level (point $3,744).

Detailed Analysis

1. Main Catalyst

The announcement of the trade agreement between the United States and the European Union (July 27) reduced tariffs to 15%, prompting investors to adopt a more optimistic stance, as the price of Ethereum rose by 3% concurrently with Bitcoin's rise to $119,000. This agreement alleviated fears of a global trade war, bolstering the position of cryptocurrencies as a hedge against volatility in traditional currencies (CoinMarketCap).

2. Supporting Factors

Instant ETF inflows: Ethereum ETFs saw net inflows of $453 million on July 25, led by a $440 million contribution from BlackRock. The total assets of ETF funds now amount to $20.66 billion, representing 4.64% of Ethereum's market capitalization (CoinLive).

Whale accumulation: BitMine has become the largest holder of Ethereum with holdings exceeding $2 billion, reflecting confidence