đ Ethereum Rally Continues â Institutional Surge & DeFi Momentum
$ETH is pushing past $3,700, up ~4.3% today and 25% this week â riding a wave of institutional ETF inflows (over $2B in July, including a record $726M day) and increasing DeFi/L2 usage.
The breakout above $3,600 also triggered a massive short squeeze (~$136M in shorts liquidated in 24h). Technicals are bullish, but RSI is hot â so expect possible choppy movement or a slight pullback before the next leg.
đč Short-term play: buy dips around $3,600â3,650, take partial profit near $3,800â4,000, and set tight stops below $3,550.
đč For swings/HODLers: consider layering in below $3,600, targeting $4,200+ if institutional flows remain.
Volume continues to rise alongside DeFi activityâETHâs bull run has structural backing. Ride smart, manage risk.
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