{"id":36143,"date":"2025-07-10T11:17:55","date_gmt":"2025-07-10T11:17:55","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=36143"},"modified":"2025-07-10T11:17:55","modified_gmt":"2025-07-10T11:17:55","slug":"ethereum-projections-eth-gains-wall-street-cred-as-fidelity-calls-it-a-store-of-value","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=36143","title":{"rendered":"Ethereum Projections: ETH Gains Wall Street Cred as Fidelity Calls It a Store of Value"},"content":{"rendered":"
\n

Ethereum is catching the attention of Wall Street<\/a> in a serious way. In a recent report, Fidelity Investments described \"ethETH \u25b26.41%<\/span><\/a> as a legitimate store of value (SoV) and a cornerstone of modern digital infrastructure.<\/p>\n

\u201cEther can serve as a medium of exchange and a store of value,\u201d the report wrote. \u201cBlockchains have embedded currencies\u2026 they should be compared to sovereign economies, not tech companies.\u201d<\/p>\n

Ethereum\u2019s reputation as Bitcoin\u2019s erratic cousin<\/a> took a hit in 2024. It cratered against BTC and underperformed Solana, but now, with renewed interest in ETH, we might be seeing the catalyst to send it back to ATHs.<\/p>\n

\n

\n
\n
\n
\"ETH<\/div>\n
\n
\n
Ethereum<\/div>\n
Price<\/div>\n
Market Cap<\/div>\n<\/div>\n
\n
ETH<\/div>\n
<\/div>\n
$335.47B<\/div>\n<\/div>\n<\/div>\n<\/div>\n
24h<\/span>7d<\/span>30d<\/span>1y<\/span>All time<\/span><\/div>\n<\/div>\n

<\/canvas><\/div>\n

Ethereum Projections Flip Bitcoin in Daily Volume and Derivatives Interest<\/h2>\n

Following the report, market sentiment surrounding ETH flipped bullish almost overnight. The token surged nearly 7% to $2,620, breaking out from a multi-week range beneath $2.4k. According to CoinGlass data, ETH has now overtaken BTC in terms of daily trading volume and open interest.<\/p>\n

Ethereum\u2019s futures market open interest jumped 7%<\/strong>, while Bitcoin\u2019s declined slightly. Derivatives trading hit $59 billion<\/a>, with ETH accounting for a growing share.<\/p>\n

\"Etheruem
(Glassnode<\/a><\/strong>)<\/figcaption><\/figure>\n

At the same time, the Put\/Call Ratio<\/strong> for Q3 options sits at 0.44, signaling a heavy tilt toward bullish momentum.<\/p>\n

Lastly, of note, on July 3, ETH spot ETFs saw their largest single-day inflow in a month, with $148 million entering the market. Total inflows for July have now exceeded $300 million, according to Glassnode.<\/p>\n

ETH Faces Skeptics, But Q3 Momentum Builds<\/h2>\n

Despite the sharp rally, traders are piling into short positions against ETH, perhaps expecting a repeat of Springtime, when ETH failed to break above $2.8K and suffered a swift 20% drawdown.<\/p>\n

But this time, conditions look different. Open interest is climbing<\/a>, and so is spot demand.<\/p>\n

And crucially, ETH has flipped previous resistance into support<\/strong>, creating room for more upside. The question now is whether Ethereum can finally close the gap and reclaim $3K?<\/p>\n

EXPLORE: Tether CEO Paolo Ardoino Hopes For Net Positive From US Elections, Says Bitcoin Strategic Reserve Is A Great Idea: 99Bitcoins Exclusive<\/a><\/strong><\/p>\n

Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/a><\/strong><\/p>\n

\n

Key Takeaways<\/h2>\n