Ethereum reclaims $3.5K – Analyzing KEY factors driving the move
2025-07-18 06:15:42
Main Idea
Ethereum (ETH) reclaimed the $3,500 level, driven by strong spot ETF inflows, speculative activity, and short liquidations in the derivatives market.
Key Points
1. Ethereum rallied by 16% since July 14, trading above $3.5k, reclaiming the psychological $3,000 level and flipping it to support.
2. Short liquidations on Binance exceeded $20 million in a day, contributing to the price surge.
3. Strong spot ETF inflows and rising Open Interest in exchanges played a key role in Ethereum's upward movement.
4. The Estimated Leverage Ratio reached cycle highs due to dwindling exchange reserves and increased speculative activity.
5. The top 10 companies collectively hold 1.6 million ETH, worth $5 billion, with SharpLink [SBET] leading with 280.6k ETH in reserves.
Description
Looking at the value of short liquidations in USD, there were multiple short squeezes since May with over $20 million liquidated in a day, but this was only the tip of the iceberg.
Latest News
- Bitcoin’s price clears KEY levels, but THESE warning signs suggest…2025-07-18 10:16:39
- Ethereum’s countdown: 28-day fractal could unlock ETH rally IF…2025-07-18 09:03:53
- BlackRock files with SEC to add staking in Ethereum ETF – Details here!2025-07-18 08:50:43
- Why is XRP going up today? – New all-time high, price targets and more…2025-07-18 08:17:58
- Arthur Hayes says ‘ETH szn is here’ – Watch THESE 3 DeFi tokens next!2025-07-18 07:11:28