Ethereum rallies 60%, has its best month in years: Will August bring more gains?

In July, Ethereum (ETH) experienced a remarkable surge of nearly 60%, marking its best monthly performance in years due to historic ETF inflows.

More than 1 million ETH were pulled from centralized exchanges within two weeks, suggesting long-term holders are actively accumulating.

ETH’s price is stabilizing around 3,450 USD, reflecting resilience amid minor corrections, while key metrics indicate a stable market structure poised for potential growth.