{"id":85769,"date":"2025-08-02T01:00:50","date_gmt":"2025-08-02T01:00:50","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=85769"},"modified":"2025-08-02T01:00:50","modified_gmt":"2025-08-02T01:00:50","slug":"ethereum-drops-6-after-hitting-3800-but-analysts-see-new-ath-ahead","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=85769","title":{"rendered":"Ethereum Drops 6% After Hitting $3,800, But Analysts See New ATH Ahead"},"content":{"rendered":"

Ethereum (ETH) dropped over 6% in the past 24 hours, sliding to around $3,630 after briefly touching the $3,800 mark.<\/p>\n

The pullback comes after a robust July rally, which saw the world\u2019s second-largest cryptocurrency surge more than 50%, its best monthly gain in three years.<\/p>\n

Despite the recent dip, on-chain data suggests the uptrend may not be over. Glassnode\u2019s latest analysis points to a potential new all-time high (ATH) of $4,900, fueled by bullish investor sentiment, growing ETF inflows, and rising open interest (OI) in futures markets.<\/p>\n

Glassnode Points to a $4,900 Ethereum Target<\/strong><\/h2>\n

According to Glassnode<\/a>, Ethereum is trading near its March 2024 levels, yet unrealized profits remain comparatively lower. This divergence implies a large upside potential as investors are not yet cashing out, signaling confidence in further gains.<\/p>\n

The firm\u2019s analysis shows that if unrealized profits reach the same levels as in 2024, ETH would likely climb toward $4,900, marking a new ATH and testing the critical psychological resistance at $5,000.<\/p>\n

This could reflect a growing shift in how investors treat Ethereum, from a speculative token to a core financial asset.<\/p>\n\n

Open Interest and ETF Demand Reinforce Bullish Outlook<\/strong><\/p>\n

Rising open interest further supports Ethereum\u2019s bullish case. Crypto futures data indicates that more traders are opening long positions on ETH, reflecting expectations of further upside. Ethereum\u2019s OI<\/a> has been a key contributor to the broader altcoin market rebound.<\/p>\n

Moreover, spot Ethereum ETFs, especially BlackRock\u2019s iShares Ethereum ETF, saw over $4 billion in inflows in July 2025, pushing total ETH ETF holdings to $21.85 billion. The surge underscores Ethereum\u2019s rising status among institutional investors and may amplify future price movements.<\/p>\n

With Ethereum facing resistance at $4,000, the convergence of strong technicals, investor optimism, and institutional demand paints a promising outlook. If momentum continues, ETH may soon chart new territory above its previous highs.<\/p>\n

Cover image from ChatGPT, ETHUSD chart from Tradingview<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum (ETH) dropped over 6% in the past 24 hours, sliding to around $3,630 after briefly touching the $3,800 mark. The pullback comes after a robust July rally, which saw the world\u2019s second-largest cryptocurrency surge more than 50%, its best monthly gain in three years. Despite the recent dip, on-chain data suggests the uptrend may […]<\/p>\n","protected":false},"author":0,"featured_media":85770,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-85769","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/85769"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=85769"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/85769\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/85770"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=85769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=85769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=85769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}