According to Michaël van de Poppe, Ethereum (ETH) has successfully avoided a deep correction and is currently advancing towards the next significant price target of around $3,500. The analyst suggests a bullish sentiment, advising that any price dip of 10% or more should be viewed as a strategic opportunity for traders to build their positions. Based on this analysis, Ethereum is projected to reach a new all-time high (ATH) within the next few months.

According to @ai_9684xtpa, the airdrop claim for Binance's new token, ERA ($ERA), has led to a significant increase in Ethereum network activity. This surge pushed Ethereum gas fees up to 36.7 Gwei, as cited in the source. The airdrop's smart contract was responsible for burning 30.73 ETH, valued at approximately $105,000, within a single hour, according to the provided data. This event highlights how token launches and airdrops can temporarily impact Ethereum network congestion and transaction costs for all users, a key factor for traders to monitor.

According to @ai_9684xtpa, the stablecoin USD1, which is reportedly backed by the Trump family, is currently deployed only on the Ethereum (ETH) and BSC networks. This is in stark contrast to major competitors like USDT, which is on 18 networks, and USDC, which is on 24 networks. The analysis suggests that given its unique political backing and the ongoing development of stablecoin legislation in the US, USD1's potential applications may extend beyond the traditional crypto space. Consequently, a multi-chain expansion is viewed as an inevitable and necessary step for USD1 to grow and capture market share, presenting a potential shift in the stablecoin landscape for traders to monitor.

According to Lookonchain, BlackRock's Ethereum product (ETHA) experienced its largest-ever single-day net inflow, accumulating 148,585 ETH valued at approximately $510 million. This significant influx, as reported by Lookonchain, has increased BlackRock's total Ethereum holdings to 2.3 million ETH, with a market value of $7.9 billion. This record-breaking institutional investment signals strong bullish sentiment for Ethereum (ETH) and could be a key price driver for traders to watch.

According to PeckShieldAlert, Tether Treasury has minted 1 billion USDT on the Ethereum network. This significant injection of stablecoin supply is often interpreted by traders as a bullish signal for the cryptocurrency market. The new liquidity can increase buying power for major assets like Bitcoin (BTC) and Ethereum (ETH), potentially supporting upward price movements as funds become available for deployment on exchanges and decentralized finance (DeFi) platforms. This event suggests an anticipation of increased demand from institutional or retail investors.

According to @ai_9684xtpa, key market indicators suggest a potential shift in momentum from Bitcoin to altcoins. Bitcoin's market dominance (BTC.D) has fallen below the 63% level for the first time in a month, a move often seen as a precursor to an "altseason." Concurrently, Ethereum (ETH) has broken through the significant $3,400 resistance level. This price action is accompanied by a widespread rally across various altcoins and memecoins. Further supporting this shift is the Crypto Fear & Greed Index, which has climbed to 73, indicating increasing greed among investors and reflecting a sustained upward trend in market sentiment over the past two weeks. These combined factors point towards increased capital rotation into altcoins.

According to Miles Deutscher, the cryptocurrency market is currently in an 'ETH season,' with recent price pumps across various assets being driven primarily by a slight improvement in overall market sentiment. Deutscher asserts that a significant capital rotation into the broader altcoin market has not yet commenced, suggesting that the current upward movements are not indicative of a full-blown altcoin rally and that the main focus remains on Ethereum (ETH).

According to Eleanor Terrett, the U.S. House of Representatives has passed a crucial procedural vote by a margin of 217-212, advancing a rule that schedules floor votes on several measures, including important crypto legislation, for the following day. This development is a significant step forward for establishing regulatory clarity in the United States. The vote was reportedly the longest in House history, with the debate over cryptocurrency cited as the primary reason for the delay, highlighting its contentious yet critical nature for lawmakers. For traders, this legislative progress could reduce market uncertainty and be perceived as a bullish signal for the broader crypto market.

According to @ai_9684xtpa, two separate addresses have accumulated a total of 9,119 Ethereum (ETH) valued at $30.71 million over the past nine hours. One address, 0x52e...Bfa26, purchased 4,706 ETH at an average price of $3,337. A second address, 0x310...40475, acquired 4,412 ETH at a higher average price of $3,400. This significant on-chain accumulation by large holders, or "whales," suggests strong buying interest and could establish potential short-term price support for ETH in the $3,337 to $3,400 range.

According to @lookonchain, two major Ethereum whales have recently sold a combined 178,080 ETH, valued at approximately $528 million, signaling significant profit-taking activity. This selling pressure comes even as many other whale wallets are reportedly accumulating ETH. One of the sellers, identified as Trend Research, had previously acquired 184,115 ETH at an average price of $2,118 between February 26 and June 20. The entity has now sold 79,470 ETH from this position at an average price of $3,145, realizing substantial profits. This on-chain data presents a mixed signal for traders, highlighting large-scale selling from key players amidst a broader accumulation trend.

According to @lookonchain, two major Ethereum whales have recently sold a combined 178,080 ETH, valued at approximately $528 million, creating significant selling pressure. One of these whales, identified as Trend Research, had previously accumulated 184,115 ETH at an average cost of $2,118. This entity has now sold 79,470 ETH at an average price of $3,145, realizing substantial profits. This large-scale sell-off by prominent holders, despite a broader trend of whale accumulation, suggests strategic profit-taking that could introduce short-term price volatility for traders monitoring ETH price action.

According to @ai_9684xtpa, an Ethereum wallet address, 0xC77...CbA28, has realized a profit of $1.401 million over two months by selling its entire holding of 3,591 ETH. The on-chain data shows the position was liquidated over the past week, with a final sale of 1,643 ETH occurring in the last half-hour. The average purchase price for the ETH was $2,763, while the average selling price was $3,153, signaling a successful swing trade by the holder.

According to @EmberCN, a whale or institution, known for previously making $30.45 million from two Ethereum (ETH) swing trades, has continued its profit-taking strategy. The entity recently sold another 10,000 ETH, valued at approximately $32.97 million, through the trading firm Wintermute. This activity is part of the third phase of their swing trading, which began with the accumulation of 132,000 ETH at an average price of $2,540 between June 11 and June 22. The selling phase started on July 9, and after over a week of gradual offloading, the whale's holdings have been reduced to just 35,000 ETH, indicating their selling pressure on the ETH market may soon subside.

According to @ai_9684xtpa, the whale wallet identified as WLFI has continued its accumulation of Ethereum (ETH). On-chain data shows that five hours ago, the wallet spent 5 million USDC to purchase 1,476 ETH at an average price of $3,387. This recent activity brings WLFI's total purchases over the last 11 hours to $10 million worth of ETH. Since December 2024, the entity has bought over 68,000 ETH, and with this latest addition, its total holdings now exceed 70,000 ETH, signaling strong buying pressure from a significant market participant.

According to @lookonchain, a significant whale identified by the address 0x35fb has continued its large-scale accumulation of Ethereum (ETH), withdrawing another 7,980 ETH valued at $26.86 million from the Kraken exchange. This latest transaction brings the whale's total withdrawals over the past week to a substantial 88,292 ETH, worth approximately $298.26 million. Such large movements of assets off centralized exchanges can be interpreted by traders as a bullish signal, potentially reducing the available selling pressure for ETH and indicating a long-term holding strategy.

According to @lookonchain, a significant Ethereum whale, identified by the address 0x35fb, has made another substantial withdrawal from the Kraken exchange. The latest transaction involved 7,980 ETH, valued at approximately $26.86 million. This activity is part of a larger trend, as the same whale has withdrawn a total of 88,292 ETH, worth around $298.26 million, from Kraken over the past week. For traders, large-scale withdrawals of this nature from a centralized exchange are often interpreted as a bullish signal, as it can indicate a move to long-term cold storage and a reduction in the immediately available supply for selling.

According to @lookonchain, the entity SharpLink Gaming (@SharpLinkGaming) has significantly increased its Ethereum holdings, purchasing another 20,279 ETH valued at $68.38 million within the last five hours. This recent acquisition brings their total accumulation over the past eight days to 111,609 ETH, with a total value of approximately $343.38 million. From a trading perspective, this sustained, large-scale accumulation by a single entity signals strong bullish conviction and could lead to reduced available supply on exchanges, potentially impacting ETH's price action and volatility in the near term.

According to @lookonchain, the entity identified as SharpLink Gaming (@SharpLinkGaming) has continued its significant accumulation of Ethereum (ETH), purchasing an additional 20,279 ETH valued at approximately $68.38 million within the last five hours. This recent acquisition brings their total accumulation over the past eight days to 111,609 ETH, worth around $343.38 million. For traders, this sustained, large-scale buying pressure from a single entity could indicate strong bullish conviction and may act as a significant support level for the ETH price, suggesting confidence in its future value.

According to @EmberCN, Argot Collective, a non-profit development organization that received 7,000 ETH in operational funding from the Ethereum Foundation, has continued to sell its holdings. The organization recently sold an additional 1,210 ETH for 4.09 million USDC. This transaction is part of a larger sell-off that began on July 11, during which Argot Collective has converted a total of 3,626.6 ETH into 11.2 million USDC at an average price of $3,089. This consistent selling by a foundation-funded entity could be interpreted by traders as an increase in selling pressure on the ETH market.

According to @EmberCN, an unidentified whale or institution has continued its significant accumulation of Ethereum (ETH), withdrawing another 7,980 ETH, valued at approximately $26.86 million, from the Kraken exchange. This latest transaction is part of a larger trend observed since the 10th of the month, during which the entity has withdrawn a total of 88,292 ETH, worth $250 million, at an average price of $2,831 per ETH. The analysis from @EmberCN notes that these holdings now represent an unrealized profit of $49.5 million. The receiving wallet is a new address that has exclusively interacted with Kraken's hot wallet, suggesting a deliberate and large-scale accumulation strategy which could be bullish for the price of ETH by reducing the available supply on exchanges.