Ethereum Sees $1,800 Price Target as ETF Inflows and Exchange Withdrawals Support Rally

Ethereum price rose by 2.22% to $1,756.15 over 24 hours, outperforming the broader crypto market's 1.47% gain.

The rally came after two straight days of net inflows into U.S. spot Ethereum ETFs, with SoSoValue data showing $29.08 million in inflows on July 2 and $14.89 million a day earlier.

BlackRock's ETHA led the latest daily inflows, suggesting institutional buyers are stepping back into ETH after recent selling pressure.

Binance also saw a sharp rise in Ethereum withdrawals, with more than 166,000 ETH withdrawal transactions on July 3, the highest level in over three years.