ETHEREUM attracts Wall Street in a serious way. In a recent report, Fidelity Investments was described 
Eth ▲ 1.30 % As a legal store of value (SOV) and east of modern digital infrastructure.
“Ether can be a way to exchange and a valuable store,” the report was written. “Blockchains included guaranteed currencies … must be compared to sovereign economies, not technology companies.”
The reputation of Ethereum as the wrong Bitcoin cousin achieved great success in 2024. I moved against the weak BTC and Solana, but now, with a renewed interest in ETH, we may see the catalyst to return it to ATHS.
ETHEREUM forecasts bitcoin volatility in daily size and attention derivatives
In the aftermath of the report, the morale of the market surrounding ETH turned around almost overnight. The symbol increased to approximately 7 % to $ 2,620, erupted from a multi -week range under $ 2.4,000. According to Coinglass data, ETH has now exceeded BTC in terms of daily trading volume and open attention.
Future ethereum market 7 % open interest jumpWhile Bitcoin decreased a little. Derivatives trading amounted to $ 59 billion, as ETH represents an increasing share.
At the same time, Set/communication ratio For Q3 options located at 0.44, indicating heavy tilt towards upward momentum.
Finally, on July 3, ETH Spot Etfs witnessed the largest flow for one day in one month, with $ 148 million to the market. Total flows for July exceeded $ 300 million, according to Glassnode.
It faces skeptical eth, but the momentum Q3 builds
Despite the acute assembly, traders accumulate in short positions against ETH, and they may expect a repeated spring, when ETH failed to break more than $ 2.8,000 and suffer from rapid clouds by 20 %.
But this time, the conditions look different. Open attention is climbing, as well as immediate demand.
It is important, eth The previous resistance turned into supportCreate space for more bullish direction. The question now is whether Ethereum can finally bridge the gap and restore $ 3,000?
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ETHEREUM attracts Wall Street in a serious way. In a recent report, Fidelity Investments Eth was described as legitimate sov.
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Despite the acute gathering, traders accumulate in short positions against ETH, and they may expect the spring to repeat.
Post -ETHEREUM: ETH is acquired by Wall Street CRED as Fedelity is called a store with a back value first on 99bitcoins.