ETHEthereum Price

Today's top 3 crypto price forecasts focus on Bitcoin, Ethereum, and XRP navigating a complex market under bearish pressure. Bitcoin is struggling below major resistance zones, trading around $63,492. It remains below all key exponential moving averages (EMAs), with critical resistance between $65,000 and $67,000. Immediate resistance is seen at the 20-day EMA near $64,231. Support is crucial around $63,000; a break below could lead to tests at $61,356 and $59,966. The Stochastic RSI suggests selling pressure may ease as it nears oversold territory. Ethereum is attempting to hold its recovery structure near $1,884, staying above its 20 and 50-day EMAs but below the 100 and 200-day averages. The immediate obstacle for bulls is the $1,900 to $1,932 zone. Breaking above could target $1,980 and higher. Key support levels to watch are $1,859 and $1,840. Its Stochastic RSI shows improving momentum but requires stronger bullish confirmation. XRP remains vulnerable below resistance, trading around $1.056 and under all major EMAs. The primary resistance level is $1.098, with a more significant zone between $1.15 and $1.18. Support is holding near $1.05; a breakdown could push prices toward $1.009. While its Stochastic RSI indicates bearish momentum may be slowing, a sustained recovery requires a decisive break above major resistance areas. Overall, the assets face key tests at support and resistance levels, which will determine if the recent recovery attempts can continue or if deeper declines will resume.

Institutional demand for crypto started the week unevenly. Bitcoin ETFs faced net outflows of $11.64 million, marking a third consecutive day of withdrawals, with BlackRock's IBIT and Fidelity's FBTC seeing modest outflows. In contrast, Ethereum ETFs attracted $9.23 million in inflows, led by BlackRock's ETHA fund which pulled in $11.75 million. Meanwhile, Solana and XRP ETFs saw smaller inflows of $1.03 million and $592,470 respectively, while Hyperliquid ($HYPE) ETFs continued to struggle with significant outflows of $2.89 million. The data highlights a shift in institutional capital, showing selective preference for Ethereum and certain altcoins over Bitcoin and newer tokens like HYPE.

Despite a paper loss of $301,000 on his existing holdings, Arthur Hayes, former BitMEX CEO and CIO of Maelstrom, purchased an additional $6.39 million worth of ETH. According to Lookonchain, his total purchases since July 15 amount to 7,213 ETH ($13.87 million) at an average entry price of $1,923. This marks a sharp reversal from June, when a wallet linked to him sold 6,000 ETH at a $606,000 loss. Hayes is known for his volatile trading shifts based on macroeconomic views, consistently maintaining a bullish long-term outlook for crypto. His latest buying spree coincides with a broader ETH recovery and a notable surge in institutional demand, with Ethereum ETFs significantly outpacing Bitcoin ETFs in weekly inflows recently.

Morgan Stanley Investment Management has expanded its cryptocurrency offerings by launching two new exchange-traded products (ETPs) tracking Ether (ETH) and Solana (SOL). The Morgan Stanley Ethereum Trust (MSSE) and Morgan Stanley Solana Trust (MSOL) aim to track the performance of their respective cryptocurrencies using designated settlement rate benchmarks from CoinDesk. Both funds feature a 0.14% expense ratio and plan to stake a portion of their holdings, with staking rewards distributed to investors. This launch follows the firm's recent introduction of spot crypto trading on its E*TRADE platform. In April, Morgan Stanley became the first major U.S. commercial bank to offer a spot Bitcoin ETF, the Morgan Stanley Bitcoin Trust (MSBT), which has grown to over $381 million in assets.

EthSystems, a startup spun out of the Ethereum Foundation, posits that privacy, not scalability, is the primary barrier preventing financial institutions from adopting public blockchains. The company builds privacy infrastructure for banks, asset managers, and governments looking to use Ethereum for tokenized assets, stablecoins, and other financial applications. Unlike projects creating new blockchains, EthSystems helps institutions deploy privacy technologies directly on Ethereum, keeping transaction data confidential while settling on the mainnet. Co-founder Mo Jaleel explains that financial institutions require control over who sees transaction data, not necessarily anonymity. While competitors like Canton Network and protocols like Aztec also work on private transactions for enterprises, EthSystems differentiates itself by advising on architecture, building custom infrastructure, and publishing open-source research. It aims to collaborate with existing privacy projects rather than rebuild the entire stack. The decision to become a commercial entity stemmed from institutional demand for production-ready solutions, which the team couldn't fulfill within the non-profit Ethereum Foundation. According to Jaleel, operating as a business facilitates funding and participation in large institutions' procurement processes. He notes a shift in client conversations from experimental innovation teams to core business units now seeking to place real assets and financial flows on-chain. EthSystems argues that the key to bridging public blockchains and institutional needs lies in cryptography and privacy.