ETH's price has recently corrected after touching $3,940, falling by 4% due to a broader market correction rather than ETH-specific factors. Despite this, ETH futures data indicates a potential rally towards $5,000, as there are no signs of defensive positioning among traders. The current ETH futures premium is at 8%, the highest in nearly five months, indicating that traders may apply leverage if ETH exceeds $4,000. The options skew shows balanced expectations for price movement, reflecting confidence from larger market players. Institutional interest has been bolstered by significant inflows into Ether ETFs, totaling $4.23 billion between July 11 and July 25. More than 40 companies now hold substantial amounts of ETH, signaling a strong belief in its value. Provided that institutional demand remains stable, a move above $5,000 for ETH in the near term appears plausible.

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