“Despite the jump in ETH, the market has no signs of significant smoke in the market. This was stated by Cryptoquant’s contractor under the pseudonym Crypto Dan. “The current values are much lower than the peak levels of overheating, which we observed in March and November 2024. If there is a correction, it will probably be moderate and short -term, ”the analyst said. Dynamics of funding rates […]”, – WRITE: Businessua.com.ua
Despite the jump in ETH, the market has no signs of significant smoke in the market. This was stated by Cryptoquant’s contractor under the pseudonym Crypto Dan.
“Current values Much lower than the peak levels of overheating, which we watched in March and November 2024. If there is a correction, it will probably be moderate and short -term, ”the analyst said.
Dynamics of derivative financing rates on Ethereum. Source: Cryptoquant.
According to Crypto Dan, ETH did not show sufficient activity on the background of the current market cycle. He believes that, despite the growth phase, the asset reached the Peretion Zone and clearly marked the bottom.
“It is likely that in the second half of 2025, Ethereum will continue to grow,” the analyst added.
He also noted that most altcoins usually repeat the dynamics of ETH.
Tributaries in Ethereum-ETF are gaining momentum On July 22, a pure influx of Ethereum-ETF in the spot was $ 533.9 million, which is the third largest since their launch.
Ethereum-ETF spot statistics. Source: Sosovalue.
The leaders – the ETHA Fund from Blackrock of $ 426.2 million, followed by GrayScale from $ 72.6 million and Fidelity (FETH) of $ 35 million.
Dynamics of tributaries in the simply Eth-ETF. Source: Sosovalue.
These data indicate the increased interest of investors in ETH as an alternative to bitcoin. Against the backdrop of BTC dominance, Kronos Research Investment Director said:
“The ETH growth impulse is likely to be preserved in the medium term if the conditions remain constant.”
The head of LVRG Research Nick Cancer stressed that institutional investors have high hopes on Ethereum, and the strategy of reserving digital assets “gives a second chance to those who missed BTC growth.”
Interestingly, on the same day, Bitcoin-ETF spokes recorded a total outflow of $ 67.93 million.
Data on spot bitcoin-ETF. Source: Sosovalue.
“We see a classic Bitcoin capital flow in Ethereum is a typical script in front of Altssezon […]. BTC has already grown significantly this year, so for investors who believe that they have lost their moment, ETH looks like a logical next step, ”says Presto Min John analyst.
At the time of ETH’s publication, it is traded at $ 3670. During the week, the asset added 15.45%and 62.6%per month, according to CoinmarketCap.
Recall that Ethereum developers are preparing for a large -scale update of Fusaka in early November.
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