Ethereum Surges Amid ETF Record and Whale Moves

Ethereum (ETH) recently approached the $4,000 mark, fueled by record institutional ETF inflows of $1.846 billion in late July and historic highs in CME futures open interest at $7.85 billion, indicating strong speculative and institutional engagement. Recent on-chain whale activity includes a $20 million purchase during a dip and a $14.5 million accumulation after a long hiatus, while some large holders have trimmed their collective stake from 22% to 19.6% since May. Analysts now project ETH could reach $8,000–$13,000 by year-end, with the ongoing correction viewed as a healthy pause after a significant rally. Key technical resistance is identified at $4,000–$4,100, with a breakout potentially driving further gains and a failure to hold risking rapid declines toward $3,700–$3,550. Despite some profit-taking among whales, institutional ETF inflows and strategic buying continue to dominate sentiment. Upcoming Federal Reserve decisions are expected to add further volatility to Ethereum’s evolving market landscape.