ETH Price Jumps Amid ETF Inflow Surge, Reaches $1,896.60

Ethereum's price has been steadily increasing, reaching $1,896.60 on July 24, representing a 1.05% gain from the previous day.

This upward trend coincides with spot ETH ETFs recording $26.32M in inflows on July 23, while BTC ETFs saw a significant outflow of $225M on the same day.

CryptoQuant's head of research Julio Moreno notes that Ethereum is currently 17% below its realized price cost basis but only two of five bottom metrics have been confirmed.

Analyst Ali Charts has identified $1,850 as a critical support level for Ethereum, with a potential upside target of $2,060 if this level holds.