Wallets holding at least 0.1% of the total supply have shown a consistently positive net flow over the past month, with a notable surge as Ethereum bounced back from its recent lows below $3k. This trend suggests accumulation in anticipation of the upcoming Ethereum ETF release, which is expected to occur around July 23rd.
Our outlook for the coming week is predominantly bullish. However, whether the ETF release becomes a 'sell the news' event hinges on the level of institutional demand for
ETH
Our outlook for the coming week is predominantly bullish. However, whether the ETF release becomes a 'sell the news' event hinges on the level of institutional demand for
ETH
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.