Ethereum Mania: ETFs Soar, Open Interest Explodes, and Price Targets $5000

Ethereum spot ETFs have recorded tremendous inflows, with more than $2. 2 billion last week and a total $5. 9 billion in July 2025, making it the second-best month ever for ETH ETF inflows. This rise, which has outpaced Bitcoin spot ETFs, has brought total net assets in ETH ETFs to more than $19 8 billion. Ethereum open interest over derivatives markets has likewise hit an all-time high of $28 billion to $50 billion, more than doubling from the preceding week. With ETH's more than 20% price gain this month to the $3,700–$3,800 range, this expansion—mostly owing to institutional participation and regulatory clarity—indicates greater capital investment and is possible for big price changes.

ETHUSD showed a minor bounce after a more than $350 sell-off. It hit a low of  $3507.70 yesterday and is currently trading around $3638.74.

Overall trend remains bullish  as long as support $2000 remains intact. Watch out for $4000, any break above targets $5000. A robust bullish trend will only materialize above $5000.

Immediate support is around $3400. Any violation below will drag the price down to $3200/$3000/$2880/$2770/$2650/$2534/$2435/$2374/$2000/$1750/$1675/$1620/$1500/$1200/$1000. A breach below $1000 could see Ethereum plummet to $800/$500.

It is good to buy on dips around $3500 with SL around $3150 for a TP of $4100.