Ethereum’s Bullish Surge: ETF-Driven Liquidity and the Path to $4K

Ethereum (ETH) is showing strong bullish momentum, currently trading near $3,827 with a 3.61% weekly gain. Institutional demand, fueled by ethereum ETFs, is driving significant capital inflows, with 24-hour trading volume surpassing $36 billion. Analysts suggest that a breakout above the $3,900 resistance level could trigger liquidations of $1.4 billion in short positions, potentially propelling ETH toward the $4,000 mark. This article explores the factors behind Ethereum's recent surge and what lies ahead for the cryptocurrency.

Ethereum (ETH) Price Prediction: ETF Redemptions Fuel Liquidity as $4K Breakout Looms

Ethereum's bullish momentum continues to build, with the cryptocurrency trading near $3,827 amid a 3.61% weekly gain. Institutional demand through Ethereum ETFs is driving capital inflows, pushing 24-hour trading volume above $36 billion. A decisive breakout above the $3,900 resistance level could trigger liquidations of $1.4 billion in short positions, potentially propelling ETH toward the psychologically critical $4,000 mark.

Technical indicators and on-chain fundamentals suggest growing strength across both retail and institutional markets. The liquidity landscape is being reshaped by ETF activity, creating favorable conditions for upward price movement. Market participants are closely monitoring the $3,884 daily high as a precursor to more significant gains.

Ethereum Turns 10: What's Coming in the Next Decade?

Ethereum marked its 10th anniversary this week, surviving a decade of existential threats and transformative upgrades. The network, now the second-largest cryptocurrency by market cap, has evolved from its proof-of-work origins to a proof-of-stake model through "the merge." Layer-2 scaling solutions and interoperability improvements have become central to its growth.

Over the next decade, Ethereum advocates predict it will solidify its role as the "settlement layer for everything." Consensys dismissed quantum computing concerns, asserting the community is prepared for future challenges. The network's trajectory suggests continued dominance in decentralized finance, NFTs, and beyond.

Jury Deliberations Begin in Tornado Cash Developer Roman Storm's Money Laundering Trial

Manhattan jurors are now deliberating whether Tornado Cash co-founder Roman Storm facilitated the laundering of over $1 billion for cybercriminals, including North Korean hackers. Prosecutors allege Storm ignored victim pleas while maintaining control of the platform's interface—a claim the defense disputes.

The trial's closing arguments hinged on Tornado Cash's Immutable smart contracts versus its mutable front-end. While both sides agreed the mixing pools couldn't be altered, prosecutors emphasized Storm's team could have modified access points to curb illicit activity.

eToro Bridges Wall Street and Web3 with Ethereum Tokenized Stocks and 24/5 Trading

eToro is accelerating the convergence of traditional finance and crypto with two landmark innovations. The trading platform will tokenize over 100 U.S. stocks and ETFs as ERC-20 tokens on Ethereum, each backed 1:1 by real shares held in regulated custody. This move expands on eToro's earlier tokenization of precious metals through its Firmo acquisition.

Simultaneously, eToro introduces 24/5 trading for U.S. equities, granting retail investors near-continuous access previously reserved for institutions. The Ethereum-based tokenized assets promise blockchain transparency while maintaining seamless convertibility with traditional positions through eToro's platform.

Tornado Cash Trial Reaches Jury Deliberation Phase

The fate of Tornado Cash developer Roman Storm now rests with jurors after closing arguments concluded in Manhattan federal court. Prosecutors framed the privacy tool as a criminal profit center, while defense attorneys maintained its legitimate purpose for financial anonymity.

Government attorneys spent 45 minutes rebutting defense claims, presenting internal messages allegedly showing Storm's awareness of illicit use. 'This wasn't privacy - this was profit,' argued prosecutor Nathan Rehn, dismissing the defense's characterization of Tornado Cash as neutral technology.

Storm's legal team conceded criminals exploited the mixer but emphasized its original design for legitimate privacy needs. 'The existence of misuse doesn't equate to intent,' defense attorney David Patton told jurors in his summation.

DOJ Clears Dragonfly in Tornado Cash Case as Storm Trial Nears End

The U.S. Department of Justice has confirmed Dragonfly Capital is not a target in its investigation into Tornado Cash co-founder Roman Storm. Managing partner Haseeb Qureshi revealed federal prosecutors made the rare public disclosure during Storm's money laundering trial in Manhattan.

Storm faces charges of processing over $1 billion in illicit funds through the Ethereum-based privacy tool, including transactions tied to North Korea's Lazarus Group. The 2019 open-source protocol was sanctioned by the U.S. Treasury in 2022—marking the first time a software project received such designation.

Blockchain forensic experts and former Tornado Cash users have testified in the landmark case, which began July 14. Closing arguments are expected this week as the crypto industry watches closely for precedent-setting implications.