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Ethereum Price Prediction: Can ETH Break $2,000 as ETF Demand Splits From Bitcoin?


Ethereum Price Prediction: Can ETH Break $2,000 as ETF Demand Splits From Bitcoin?

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Ethereum traded at $1,896.60 on July 24, up 1.05% and holding above the 0.382 Fibonacci level as spot ETH ETFs recorded $26.32M of inflows on July 23 while BTC ETFs saw a $225M outflow. CryptoQuant notes ETH is about 17% below its realized cost basis with only 2 of 5 bottom metrics confirmed, and analyst Ali Charts pins $1,850 as critical support with a $2,060 upside target, indicating cautious bullishness for crypto ETF-driven adoption and market recovery.

Bullish

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  • CryptoQuant’s Julio Moreno says ETH is 17% below its realized price cost basis but only 2 of 5 bottom metrics have confirmed
  • Spot ETH ETFs logged $26.32M in inflows on July 23, holding positive while BTC ETFs recorded a $225M outflow on the same day
  • Ali Charts flagged $1,850 as the critical channel support, with $2,060 as the upside target if that level holds

Ethereum trades at $1,896.60 on July 24, up 1.05%, holding above the 0.382 Fibonacci level as spot ETFs continue attracting inflows even on a day Bitcoin funds bled $225M. CryptoQuant’s head of research Julio Moreno published a five-metric framework for calling the ETH bottom, with two signals confirmed and three still in neutral territory.

Ethereum Price Today: What the Chart Shows at $1,896?

ETH 1D Price Action (Source: TradingView)

Ethereum is pressing against one of the most technically layered resis…

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Coins

$ 64.29K

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-2.26%

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-0.97%

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