Ethereum rallies 60%, has its best month in years: Will August bring more gains?

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Ethereum had escape in July and gathered almost 60% on the back of the record -breaking ETF and the growing retail profits. Chain and derivative data shows strong whale accumulation and long -term holders.

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Ethereum [ETH] In July, he published an explosive of 60% of the rally, making it one of the strongest monthly performances recently. This increase comes to the back of the historical tide ETF and a remarkable increase in retail profitability.

In just two weeks, more than 1 million ETH-clarified sign that long-term holders take control were pulled out of centralized exchanges.

July Meteoric Ascension moves the investor’s profile ETH

Ethereum’s increase catapulted This increases the ranks of the top crypto assets according to the market ceiling. ETFs reached pure flows in July 1.6 million ETH, according to official graphs.

Meanwhile, retail investors began to lock their profits and pave the way for stronger hands to accumulate.

In fact, there were over 1 million ETH withdrawn from exchanges Only in the last two weeks; A strong indicator of long -term beliefs, because traders expect a decisive lower escape.

Whales are crushed when companies on the market

The number of $ 1 million transactions has achieved a multi -week maximum as ETH has gathered, indicating the interest of investors with a high value.

This whale accumulation agrees that more than 1 million ETH is also withdrawn from the exchanges, helping to prove beliefs.

Meanwhile, the open interest of futures ETH hovered around $ 22.4 billion, while the financing rate remained stable almost 0.0049.

These metrics reflect the healthy setting of the lever effect – neither too long or short – the market overload is curled up for a decisive move and is waiting for the fleet catalyst.

Momentum slows down but ETH holds stable

The recent Ethereum correction has slowed down with The price is trying to stabilize above the brand $ 3,450 at the time of printing.

RSI was 52.41, neutral zone. MacD showed a bear crossover, but decreasing red stripes of the histogram suggest that the sales pressure weakens.

While Eth’s Momentum has cooled from the July Assembly, the asset has not yet broken the level of key support support.

This consolidation phase could act as a launchpad if the buyers regain their strength, especially with a wider sentiment on the market and on-seams signals that are still positive.