On-chain Data Reference and Institutional Adoption Expected to Increase
"ETH Could Reach $5,500 by Early 2026 with Positive Factors"
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Foreign media AI Invest reported on the 4th that Ethereum's on-chain data remains healthy despite its rise in July.
Ethereum recorded a total increase of 54% in July. Analysis indicates that the rise is not yet over.
According to the report, Ethereum's centralized exchange (CEX) supply has reached a two-year low, with Ethereum holders focusing more on accumulation rather than selling. Currently, approximately 22.8 million Ethereum are held in hard wallets.
The US Ethereum spot ETF is cited as the main driver of Ethereum's rise in July.
According to SoSoValue's data on the 3rd, the trading volume of US Ethereum spot ETFs in July reached $123.5 billion. BlackRock is leading the net inflow of US Ethereum spot ETFs. BlackRock's Ethereum spot ETF achieved consecutive net inflows on July 29, recording a total net inflow of $440 million.
Ethereum's rise was further amplified as the US stablecoin regulation 'GENIUS Act' obtained final signature from the US President Donald Trump. News reported that major US retailers like Walmart and Amazon are considering issuing their own stablecoins based on Ethereum.
DCX researchers stated, "If net inflows through ETFs continue, Ethereum could recover to $4,000-4,800 by the end of 2025 and reach $5,500 by early 2026," adding that "this optimistic outlook considers continuous institutional investment and Ethereum's institutional adoption".
Reporter Seung-won Kwon ksw@blockstreet.co.kr
