Ethereum (CRYPTO: ETH) has surged over 52% in the past month, but some analysts expect a short-term correction before the next leg up.
| Cryptocurrency | Ticker | Price | Market Cap | 7-Day Trend |
| Ethereum | (CRYPTO: ETH) | $3,642.24 | $439.4 billion | +2.3% |
| Bitcoin | (CRYPTO: BTC) | $115,562.31 | $2.29 trillion | -2% |
| XRP | (CRYPTO: XRP) | $3.03 | $179.9 billion | -10% |
Trader Notes: Crypto trader Posty notes that Ethereum's 1-hour trendline remains intact, though a brief dip below $3,500 wouldn't be surprising before price resumes higher.
If a deeper breakdown occurs, he points to $3,000 as the critical support level.
Ash Crypto highlights Ethereum's renewed alignment with M2 money supply after a long divergence last year.
As institutional demand rises and ETH's supply continues tightening, Ash says Ethereum now presents a prime macro opportunity, potentially targeting $10,000 this cycle.
CryptoWolf outlined two likely ETH trajectories: a conservative target above $8,000 and a bullish target of $13,000+.
In both scenarios, he expects a 20–25% pullback after ETH hits new all-time highs, marking the final shakeout before a Q4 rally takes off.
Statistics: According to SoSoValue, U.S. Ethereum ETFs reported a daily net inflow of $231.2 million on July 24, with cumulative net inflows now at $8.88 billion and total ETH ETF assets hitting $20.7 billion.
While Ethereum ETFs showed strong buying, Bitcoin ETFs experienced net outflows, reflecting short-term market divergence.
Eric Balchunas of Bloomberg notes BlackRock's iShares ETH ETF crossed $10 billion AUM in just one year, becoming the third fastest ETF ever to hit that milestone, behind only two BTC ETFs.
It took just 10 days to grow from $5 billion to $10 billion.
IntoTheBlock data shows Ethereum large transaction volume and daily active addresses grew 5.1% and 3.5% respectively in a single day.
Community News: Bitmine Immersion Technologies announced ETH holdings exceeding $2 billion, only 16 days after completing a $250M private raise. The firm stated ambitions to acquire and stake 5% of the entire ETH supply -- signaling long-term conviction in Ethereum's value proposition.
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