Ethereum Bullish Breakout: How Far Will ETH Price Rally in July?
2025-07-16 12:02:29
Main Idea
Ethereum's price surged past $3,150 for the first time since January, with bullish indicators suggesting potential further gains in July.
Key Points
1. Ethereum price soared above $3,150, marking its first time in 23 weeks, with a 5.53% increase in the past 24 hours.
2. BlackRock’s ETHA led U.S. spot Ether ETFs with $3.34 billion in net cash inflows since April, contributing to the bullish trend.
3. SharpLink Gaming acquired 74,656 Ether between July 7 and 13, increasing its total treasury holdings to 280,706 ETH.
4. Ethereum remains the leader in the DeFi ecosystem with $74 billion in total value locked (TVL) and over $125 billion in stablecoins market cap.
5. Technical indicators like the daily MACD line and RSI above 70 suggest strong buyer control, with potential for the price to reach $3,500.
Description
Ethereum price soared past $3,150 on Wednesday for the first time since January. Both technical and fundamental aspects favor bullish sentiment for the Ether price in July. Renewed demand for Ether by institutional investors amid record-high Open Interest spells more bullish momentum. The price of Ethereum has soared above $3,150 for the first time in 23 weeks, and the betting markets are now pricing in a 74% probability that it will hit $3,300 before the end of July . This strong bullish convic...
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