Ethereum ETFs’ weekly netflows hit $703M, but is $4000 coming up next?

Key Points

1. U.S Spot ETH ETFs recorded nine consecutive weekly net inflows since mid-May, with $703 million in demand this week.

2. Fidelity compared ETH to Wall Street analysts, highlighting its role in the tokenized market, which Bitwise projects could grow by 4000x.

3. Ethereum controls 50% of the stablecoin market and over 75% of tokenized treasuries, reinforcing its market position.

4. Analyst Ken Teng predicts ETH could hit $4000 soon, supported by declining exchange sell pressure in July.

5. ETH's price is at a critical $3k-level, with potential for a bullish market structure if it reclaims this support.