Today (July 29) Ethereum's major events include: Linea, Consensys, and Nile will launch the DEX Etherex (built on Ramses v3 technology) on July 28, and on July 29, the preferred stock STRC of Strategy will be issued, Hashdex will launch a mixed Bitcoin and gold ETF GBTC11 in Brazil, and the Sui ecosystem's parallel multi-party computing network Ika will also go live on the mainnet. Additionally, Binance Alpha will launch Treehouse (TREE).
Recent Ethereum performance: ETH has returned to $3,800, on-chain whale holdings and long-term staking behavior have strengthened, ETF capital net inflows remain strong, and favorable U.S. compliance legislation is emerging, driving up the demand for ETH stablecoin underlying assets. The current support level is $3,650-$3,680, and the resistance level is $3,770-$3,850, with a recommendation to pay attention to resistance interactions around $3,822.
Trading suggestions: If entering the market, consider buying in batches in the $3,650-$3,680 range, with a stop-loss set below $3,600 (or a more conservative level below $2,750), and take-profit levels can focus on the $3,770-$3,850 area.
