Asked Elfa When To Re-Enter ETH Long TL;DR: ETH remains fundamentally and technically strong: OI is robust, the spread is tight, ETF inflows are consistent, and there are no major unstaking/supply risks. An optimal long entry is in the $3,550–$3,575 zone on a pullback, ideally above the 200 EMA, with $3,500 as a logical stop-loss. Momentum is bullish but not overextended. ———————— Detailed ETH Analysis (as of July 24, 2025): Open Interest (OI): ETH’s total OI is ~$220M with a put/call ratio of 0.68, showing a bullish skew. The highest OI concentration is at the $3,000 strike, but there’s significant call OI up to $4,000, indicating traders are positioned for upside. Spread: ETH/USDT spread is extremely tight at 0.01 (0.0003%), reflecting high liquidity and minimal slippage—ideal for entering positions. ETF Inflow: ETF inflows are strong and consistent, with daily net inflows ranging from $192M to $726M over the past week, supporting ongoing institutional demand. Volume: 24h trading volume is around $50.7B, confirming high activity. Volume spikes on price dips suggest accumulation by buyers. EMA 200: While the exact value isn’t listed, price action and recent consolidation indicate ETH is trading just above the 200 EMA, estimated in the $3,500–$3,600 range—a key dynamic support. ETH Unstaking/Unlock Events: No major unlock or unstaking events are reported. On-chain data shows ETH supply on exchanges at all-time lows, reducing sell pressure and risk of a sudden supply shock (source ( Technical Chart View: ⦁ Trend: ETH has been in an uptrend, with a recent pullback and consolidation between $3,550 and $3,650. ⦁ Support/Resistance: Key support is at $3,550–$3,575. Resistance is around $3,650 and then $3,700. ⦁ Volume: Increased volume on dips signals active buyers at lower levels. ⦁ Recent Candlesticks: No major bearish reversal patterns; recent candles show indecision and attempts to reclaim $3,600+. Optimal Long Entry Recommendation: ⦁ Look for a retest of the $3,550–$3,575 support zone, especially if price dips toward the 200 EMA and shows signs of a bounce. ⦁ Avoid chasing entries above $3,650 unless a strong breakout occurs with high volume. ⦁ Stop-loss below $3,500 to manage risk. ⦁ If price holds above $3,600 with continued ETF inflows, the next upside target is $3,700–$4,000. Summary: ETH is technically and fundamentally strong, with bullish momentum and no immediate supply risks. The optimal long entry is on a pullback near $3,550–$3,575, above the 200 EMA. If $3,600 holds, expect $3,700–$4,000 as the next major target. Get actionable insights on @elfa_ai today.