Beep, beep! 🚀
- Legend has it, the GENIUS Act might just pour a golden shower of billions into Ethereum‘s eager arms, like a genie from a crypto lamp!
- Hold on to your wallets! Ethereum ETFs have just had a scoop of their biggest ice cream cone of inflows since debuting, signaling institutional excitement sizzling like a summer barbecue!
- Despite liquidations dripping over $100 million on the daily, give Ethan a pat on the back—he’s still strutting his stuff weekly like a peacock in a field of dandelions.
GENIUS Act Vote: A Potential Twist for Ethereum Demand
As we tiptoe through the tulips of finance, Ethereum (ETH) was hanging out around $2,975, sipping on the remnants of a 17% weekly gain. Traders, like children at a candy store, are glued to the legislative proceedings of the US House, where the GENIUS Act is the hot topic of discussion. This bill, if it receives the holy nod, might just pivot regulations on stablecoins and rain riches on Ethereum’s doorstep.
Whispers of this legislative opus waft through the air, as it once glided through the Senate on June 18, demanding stablecoin issuers to maintain a pristine 1:1 reserve and sign up for federal oversight, a veritable bureaucratic initiation. Money laundering? Not on our watch, good citizens!
Anticipation buzzes around like electricity, with the House set to rubber stamp this week, boasting a 95% likelihood of passage according to the oracles at Polymarket. One analyst, Jonathan the prophetic, stated:
“ETH pumps if the GENIUS Act passes this week.”
Yet, this isn’t the only legislative circus rolling into town; two more crypto jesters await their moment in the spotlight. The CLARITY Act aims to finally hurl digital assets into the proper classification boxes, potentially settling the SEC and CFTC tango. Meanwhile, the Anti-CBDC Surveillance State Act aims to keep the Fed’s digital currency ambitions in check, waving a privacy flag like a knight defending the realm.
ETF Activity and Corporate Accumulation: A Tale of Growing Interest
Amidst this legislative frenzy, Ethereum’s allure has caught the eyes of institutional suitors. Glassnode data reveals US-listed Ethereum ETFs are making a splash with a whopping 225,857 ETH net inflows last week—their grandest debutante ball since the launch! This is paralleled by a growing collection of ETH by our finance-savvy treasure chests.
$ETH has finally wiggled above $3K for the first time since February, pulling off a dramatic, wallet-fluffing pirouette.
Meanwhile, US spot #Ethereum ETFs recorded their largest weekly net inflows since launch – 225,857 #ETH – extending a multi-week trend of growing institutional demand.
— glassnode (@glassnode) July 14, 2025
In a mere month, these Ethereum-adoring treasury companies have snatched up more than 545,000 ETH, racking up an impressive $1.6 billion worth. On-chain signals hint at savvy buying during market festivities, almost like clockwork without a tick.
And lo and behold, the current technical design resembles a glorious “bull flag”—a confirmed breakout pattern with ETH triumphantly lounging above that tantalizing $3,000 threshold!
Liquidations: The Saga of Shifting Sentiment
In what can only be described as liquidations galore, over 130,000 traders have found themselves washed down the digital drain in the past 24 hours, accumulating losses that threaten to eclipse $500 million. Ethereum’s share in this tragicomedy is a hefty $106 million of obliterated long positions. Ouch!
As ETH attempts to reclaim the once-mighty $3,000 resistance, traders are eyeing $3,300 like a hawk on a sparkly branch. Should this occur, the pathway to $4,000 might open up like the gates of a celestial garden!
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2025-07-15 12:56