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Ethereum (ETH) is trading near $3,785, marking a slight 0.3% dip but remains up nearly 80% in July. Strong ETF inflows and institutional interest continue to fuel the rally, with technical indicators signaling further upside potential.
- Ethereum has surged nearly 80% in July, breaking past $3,800 and key resistance levels at $3,000 and $3,450.
- Spot ETH ETFs have drawn over $3.28 billion in July, fueling institutional demand and a short squeeze threatening $331 million in positions.
- Technical indicators show ETH is overbought (RSI > 80), suggesting potential near-term consolidation despite strong bullish momentum.
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