In July, Ethereum surged strongly driven by institutional and ETF funds. In August, the market will focus on the key resistance level of $4100, and if it breaks through, it will exceed $4800, opening up space for a new historical high. Although a technical pullback may occur in the short term, the fundamentals of continuous institutional accumulation and supply contraction will continue to support the price.
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In July, Ethereum surged strongly driven by institutional and ETF funds. In August, the market will focus on the key resistance level of $4100, and if it breaks through, it will exceed $4800, opening up space for a new historical high. Although a technical pullback may occur in the short term, the fundamentals of continuous institutional accumulation and supply contraction will continue to support the price.