🔍 Ethereum Analysis — July 2025

1. Market Price & Momentum

• ETH has climbed over 50% in July, recently hovering around $3,700–$3,800 .

• Technical resistance around $3,480–$3,500 has since given way, targeting $3,750–$3,800 near‑term .

2. On‑Chain & Institutional Activity

• Ethereum exchange reserves have dropped to levels observed before October 2024’s 75% rally—a historical setup that often precedes major increases