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Ethereum gains 20% as BitMEX co-founder buys $2.5M ETH amid bullish ETF inflows and strong technical outlook

Market News
27 Jul 2026
Blockonomi
View Source
Bullish
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Ethereum surged over 20% after holding key support near $1,580, attracting $104 million in spot ETF inflows over three weeks. BitMEX co-founder Arthur Hayes strategically bought 1,290 ETH worth $2.5 million, signaling confidence despite resistance levels. Technical analysts forecast long-term price targets between $10,000 and $20,000, with immediate resistance at $1,945 and $2,145. Futures data shows rising bullish sentiment, supporting optimism for further gains.

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