Recently, the Ethereum market has performed remarkably, with prices showing a strong upward trend over the past 30 days. Starting from $2,406.19 at the beginning of this month, the price of ETH has climbed to $3,758.73, an increase of more than 56%. This significant growth is primarily attributed to three main factors: substantial inflows of institutional funds into spot ETH ETFs, increased activity from large holders (commonly known as "whales"), and the positive attitude displayed by well-known investors like Peter Thiel.



Data shows that within just a few days in mid-July, as much as 2.1824 billion ETH flowed into the Ethereum spot ETF market, highlighting institutional investors' strong interest in this crypto asset. This trend not only drove prices up but also strengthened the market's confidence in Ethereum's long-term development prospects.

At the same time, Ethereum's recent performance has clearly outperformed other major cryptocurrencies. In the past seven days, ETH has risen by 24.1%, far exceeding competitors such as Bitcoin, Ripple, Binance Coin, Solana, and Cardano. This leading position further solidifies Ethereum's core status in the cryptocurrency ecosystem.

Market analysts are optimistic about the future trend of Ethereum. Experts point out that ETH is currently showing a bullish wedge pattern, which may signal further price increases. They predict that Ethereum could first reach the critical level of $4,100. If this level can be broken and confirmed, then the next target price could be as high as $6,700.

However, investors should also keep in mind that the cryptocurrency market is highly volatile. Although the current trend is bullish, market sentiment can change rapidly. Therefore, when making investment decisions, it is still necessary to carefully assess risks and maintain close attention to market dynamics.

Overall, Ethereum's recent strong performance reflects the market's recognition of its technological foundation and future potential. With increasing institutional participation and the continuous development of its ecosystem, Ethereum seems to be standing before new growth opportunities. However, whether it can reach the high points predicted by analysts will require time to verify.
ETH0.96%
BTC0.8%
XRP1.48%
BNB1.68%
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FalseProfitProphetvip
· 07-21 14:51
At first glance, it's obviously a market maker whipsaw.
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WhaleMistakervip
· 07-21 08:50
This wave of shorting is in place.
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MetaverseVagrantvip
· 07-21 08:49
enter a position and it's done
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CryptoSourGrapevip
· 07-21 08:45
Oh, if only I hadn't cut loss at the end of last month... now I can only drink the northwest wind.
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