Ethereum (ETH) ETF Inflows Reach $14.53M

Ethereum News

Ethereum (ETH), the largest altcoin by market value, drew $14.53 million in net inflows from US spot exchange-traded funds on July 29, helping the asset recover above $1,900 after an intraday low near $1,856. The flow data coincided with the debut of Morgan Stanley’s Ethereum Trust on NYSE Arca, where the MSSE product gathered $5.15 million and generated $19.03 million in first-day volume. BlackRock’s ETHB fund added $5.91 million, the largest single contribution among listed Ethereum products, while total fund assets remained near $10.5 billion and cumulative net inflows stood around $11.21 billion. MSSE’s 0.14% expense ratio also intensifies fee competition among issuers seeking regulated ETH exposure through brokerage and retirement accounts. Derivatives also reinforced the move: short liquidations totaled $37.68 million across the latest 24-hour window, slightly above the $36.66 million in forced long closures, with Binance data showing a $4.74 million ETH-USDT position as the biggest forced closure. The combination of fund creation, short covering and a defense of the $1,850 to $1,880 area put ETH back into focus before the Federal Reserve rate decision, though traders still treat $1,970 as the next liquidity test.

On-chain data added a second signal from large holders, showing that wallet 0x2d59 withdrew 40,000 ETH from Binance in two transfers, first moving 30,000 ETH and then another 10,000 ETH. The combined withdrawal was worth about $76.6 million at the time, placing it among the day’s biggest exchange outflows. Such movements are generally read as custody or positioning decisions rather than immediate selling, because tokens shifted to private wallets can reduce the supply available on order books or inside an automated market maker. The transfer occurred while ETH was changing hands near $1,930, close to a resistance zone defined by the 100-day exponential moving average. The token had already formed higher lows after June’s sharp correction and remained above shorter moving averages near $1,760 and $1,850, according to chart data. Momentum indicators were constructive but not stretched, with the relative strength index around 58. A single withdrawal does not prove accumulation, but repeated large outflows often accompany longer holding periods. If buyers convert that zone into support, attention could shift toward the $2,000 psychological level and, later, the 200-day average near $2,175.

Countervailing on-chain evidence showed that large investors also distributed heavily, with whales selling or redistributing 226,435 ETH over 24 hours, worth roughly $430 million at current prices. The cohort still controlled about 26.64 million ETH, equivalent to nearly 22% of circulating supply, underscoring how concentrated the market remains. Analysts tracking the flows warned that a break below $1,773 could pause the bullish thesis, while one bearish scenario described the $1,860 to $1,955 range as a potential trap before a deeper test between $1,400 and $900. That view sits far below the more optimistic camp, which has pointed to a golden-cross formation and a first resistance band from $1,980 to $2,080. Other bullish commentators have called ETH one of the best current trades, projecting a 5x move, and argued that a break above $2,000 would remove major overhead resistance. If buyers clear the $1,980 to $2,080 zone, some chartists see a path toward $2,773 and eventually a renewed push toward a previous all-time-high cycle peak. The split leaves ETH trading like a bellwether altcoin caught between accumulation signals and profit-taking, with risk skewed by whether macro conditions support a broader bear-market recovery or another liquidity-driven drawdown.

COINOTAG’s proprietary 42-indicator composite S/R scoring engine frames Ethereum as sideways at $1,904.93, with strongest support at $1,874.65 rated 75/100 from S1, SMA 20 and Fibonacci 0.382 confluence. The nearest resistance at $1,924.98 scores 69/100, driven by Flip S→R, LVN and Swing High signals, while $2,022.10 carries a 62/100 score from R3 and POC. RSI at 56.15 leaves room to advance, but bearish MACD tempers momentum. Derivatives show 0.0038% funding, $7.72 billion open interest and a 1.64 long-short ratio, meaning accounts are 62.1% long; with Fear and Greed at 29, positioning is crowded yet sentiment remains defensive. A close above $1,925 would favor $2,022, while losing $1,875 would invalidate the near-term bullish thesis.