Ethereum

bullish

Rare

Tom Lee

July has begun on a bullish note for <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/" rel="noopener noreferrer nofollow">Ethereum price as it has finally shown signs of a relief rally</a> after weeks of heavy selling. ETH has jumped more than 5% in the past 24 hours to trade above $1,728, extending its weekly gain to nearly 12%. The recovery comes as U.S. spot Ethereum ETFs recorded inflows for the second straight day, improving investor sentiment. Well-known crypto chart analyst Ali Martinez believes that buying activity could help Ethereum rally towards its previous all-time high.
Also Read : <a href="https://coinpedia.org/crypto-stock-price-prediction/bitmine-bmnr-stock-price-prediction/" rel="noopener noreferrer nofollow">BMNR Stock Price Prediction 2026, 2027, 2030 – 2040: How High Can Bitmine Go If Ethereum Surges?</a>
<h2 id="h-binance-records-highest-ethereum-withdrawals-in-three-years" class="wp-block-heading">Binance Records Highest Ethereum Withdrawals in Three Years</h2>
According to CryptoQuant analyst <a href="https://x.com/Darkfost_Coc/status/2072927569142251993" rel="noopener noreferrer nofollow">Darkfost</a>, Ethereum withdrawal transactions on Binance have surged to their highest level in more than three years. The exchange processed over 166,000 ETH withdrawal transactions in a single day, a level not seen since March 2023.
Such a large spike usually means investors are moving ETH off exchanges instead of preparing to sell.
Darkfost believes much of this activity could represent long-term accumulation around the $1,500-$1,700 area. Some investors may also be moving funds into DeFi platforms to earn yield rather than leaving coins on exchanges.
<figure class="wp-block-image size-large"><img width="1024" height="576" src="https://image.coinpedia.org/wp-content/uploads/2026/07/03163616/ethereum-withdraw-of-exchange-1024x576.webp" alt="Ethereum Withdrawals in Three Years
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</figure>
He also noted that part of the spike may have been driven by confusion surrounding Europe’s MiCA regulations, as some users wrongly believed exchange withdrawals would be restricted after July 1.&nbsp;
Even so, the overall withdrawal volume remains unusually high, suggesting genuine buying interest is returning.
Also Read : <a href="https://coinpedia.org/news/ethereum-price-drops-7-bitmine-tom-lee-is-still-buying-billions-worth-of-eth/" rel="noopener noreferrer nofollow">Tom Lee Explains Why Ethereum’s Price Crash Is Not a Bearish Signal</a>
<h3 id="h-ethereum-etf-see-continue-inflow" class="wp-block-heading">Ethereum ETF See Continue Inflow</h3>
Institutional investors are also becoming more active again. After several sessions of outflows, U.S. spot Ethereum ETFs have now <a href="https://farside.co.uk/eth/" rel="noopener noreferrer nofollow">recorded inflows</a> for two consecutive trading days, attracting $14.8 million, followed by $29 million.&nbsp;
Leading the outflow charge is BlackRock (ETHA), which led both sessions with $36.6 million and $29.7 million in inflows, showing institutional confidence is gradually improving despite continued Grayscale outflows.
<h2 id="h-ethereum-is-flashing-a-rare-monthly-buy-signal" class="wp-block-heading">Ethereum Is Flashing a Rare Monthly Buy Signal</h2>
Adding to the bullish outlook, crypto analyst <a href="https://x.com/alicharts/status/2072682202626994206" rel="noopener noreferrer nofollow">Ali Martinez says</a> Ethereum has printed a monthly TD Sequential buy signal, an indicator that has historically appeared near major market bottoms.
His monthly chart shows Ethereum trading near the lower boundary of its long-term price channel, an area that has repeatedly attracted buyers during previous market cycles.
During the last major monthly buy signal, Ethereum went on to rally roughly 236%. Another similar setup later produced a gain of around 182% before reaching cycle highs.
Based on that long-term structure, Martinez believes Ethereum is once again approaching a high-value accumulation zone.
If buyers continue defending current support, the first major upside target sits near $3,000, which marks the middle of the long-term channel. A full recovery toward the upper boundary would place Ethereum close to $5,000, matching previous cycle highs.

Ethereum Price Poised For 200% Rally as ETF Inflows and Bullish Signal Align

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