Ethereum price stalls, but ongoing accumulation points to a surge
2025-07-05 17:41:04
Main Idea
Ethereum is showing signs of accumulation and potential bullish breakout, with decreasing exchange balances and increasing staking levels indicating a shift in investor behavior.
Key Points
1. Ethereum's price is consolidating around $2,500, maintaining a narrow range since May.
2. ETFs added over $219 million in assets this week, continuing a trend that started in May.
3. Ethereum balances on exchanges have decreased from 10.73 million to 7.3 million ETH, indicating a move to self-custody.
4. Staking levels have risen, with a net increase of 2 million ETH (worth over $4 billion) in staking pools.
5. Technical analysis suggests a potential bullish breakout with a target price of $4,287.
Description
The price of Ethereum remains in a consolidation phase, but is showing signs of accumulation, which may lead to a bullish breakout. Ethereum ( ETH ) was trading at around $2,500 at the last check on Saturday, July 5, within a narrow range it has maintained since May. Third-party data shows that whales and Wall Street investors have increased their Ethereum positions in the past few months. SoSoValue shows that spot ETH ETFs added over $219 million in assets this week, continuing a trend that sta...
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