EU's Von Der Leyen To Meet Trump In Bid To Clinch Trade Deal

Ethereum price is once again in the spotlight. Not just because of its price action, but because institutional investors are finally showing their cards. The U.S. spot Ethereum ETFs have started pulling serious weight, and the charts are responding. So, what's the Ethereum price prediction?

Ethereum Price Prediction: Why is Ethereum Price Heating Up?

ETH/USD Daily Chart- TradingView

Let’s look at the chart first. ETH price has been on a sharp uptrend since late June. The Heikin Ashi candles are clean, consecutive, and mostly bullish green. More importantly, the Ethereum price has stayed consistently above the mid-Bollinger Band, a sign of strong momentum. ETH price recently touched the upper Bollinger Band near $3750 and has since pulled back slightly to around $3660, suggesting a cooling phase after an overextended rally.

But here's the thing. This isn't just a random move. Ethereum price cracked through key resistance levels like $3200 and $3400 with barely any hesitation. Pivot points show ETH is currently consolidating just under the R3 level. That’s usually the area where smart money decides whether to book profits or push for a breakout.

If ETH price stays above the $3550 support, we could see a clean push toward $3900 and possibly $4200 in the coming weeks. On the downside, a drop below $3400 would indicate the bulls are exhausted, and a retest of the $3200 region could follow.

Are Ethereum ETFs Driving This Surge?

Total ETH ETF Inflow: Image Source: SoSoValue

Absolutely. The ETH ETF narrative is no longer speculative. It is here, and the numbers tell the story.

As of July 24, the cumulative net inflow into Ethereum spot ETFs has reached $8.88 billion. Just on that day, inflows totaled over $231 million. That is not retail money. This is institutional conviction, and it is spreading fast. The ETFs now hold over $20.7 billion worth of ETH, which accounts for nearly 5 percent of Ethereum's total market cap.

That kind of buy pressure does not just prop up the price. It changes the entire market structure. Fewer coins are in circulation. Volatility tightens. And demand starts to outpace supply.

The impact is already visible. ETH’s daily volume spiked past $2.1 billion in ETF trades alone. That sort of liquidity injection builds a foundation for long-term price appreciation and stability.

Ethereum ETFs are injecting real momentum into the market. With over $8.8 billion in cumulative inflows and $231 million added in a single day, institutional interest is no longer theory it’s visible demand.

These ETFs are soaking up circulating supply, which naturally puts upward pressure on price. It also brings more stability and legitimacy to ETH, making it attractive not just to traders, but to long-term asset managers who previously avoided crypto due to regulatory uncertainty.

This kind of sustained inflow shifts ETH from a speculative asset to a portfolio staple. If the current trend holds, the ETF-driven demand could create a new price floor around $3600 to $3700. From there, a break past $4000 is likely, especially if daily inflows continue above $200 million. The more capital that flows into ETFs, the stronger the buying wall becomes, setting up Ethereum for a breakout rally toward $4200 or even higher in Q3.

What’s the Ethereum Price Prediction?

If this ETF momentum continues, ETH price does not just have a shot at reclaiming $4000. It could create a new price floor there. Based on the current chart setup, a push toward $4200 is technically valid, especially if ETF inflows stay above the $200 million daily average. That level aligns with extended Bollinger projections and Fibonacci targets from the last swing low in early July.

But don’t ignore short-term corrections. If ETF hype cools temporarily, Ethereum price could retrace to the $3200 zone before resuming upward.

Ethereum price is no longer trading just on sentiment or tech upgrades. It is now backed by serious capital through regulated ETFs. That changes the game. The charts are bullish, but the inflow numbers are what really validate this trend. As long as those numbers keep climbing, the road to $4000 and beyond is wide open.

Source: CryptoSlate

Key points:

MSCI's index tracking global EM currencies was down 0.3%, as most Asian currencies depreciated against the dollar. The index, however, was set to log weekly gains after two weeks of losses.

This week, markets took on more risk after the U.S. signed a trade deal with Japan and signalled that more agreements were in the works, reviving some hopes that the worst tariff impacts could be avoided.However, investors were cautious with risk assets in order to brave the upcoming week, which will feature U.S. jobs data, a meeting of the Federal Reserve and Trump's August 1 tariff deadline.

On the day, South Africa's randfell 0.7%. Most emerging European currencies were subdued against the euro."We would expect market swings to be temporary ... trade negotiations will ultimately lead to moderate policy, but we expect a tariff-led economic slowdown to be mild and short-lived, rather than recessionary," said Mark Haefele, chief investment officer at UBS Global Wealth Management.

Turkey's lirawas 0.7% higher against the greenback, a day after its central bank delivered a surprise 300 basis point interest rate cut. The currency eyed its biggest one-day gain since June 2024.Worries over the independence of the Fed also remained, with Trump's calls for lower interest rates persistent despite his reiterating he was not planning to fire the Fed chair.Haefele said these fears, along with lower interest rates could continue to impact the dollar, and investors could look to reduce their holdings.

Russia's roublewas down 0.4% against the greenback, over-the-counter-market data showed, ahead of a central bank decision where it is expected to cut rates by 200 basis points.Stocks in the region also pulled back after two days of gains, with MSCI's EM stocks gaugeCBOE:EFSdown 0.8%. It was still set for a second week of gains, however.

Equities in Polandfell 0.6%, while Hungary'swere down 0.2%. Turkish stockswere little changed, though set for their fifth week of gains, their longest winning streak since December.South African equitiesslipped 0.7%, as gold miners weighed, tracking lower prices of the bullion.In Senegal, international bonds extended their rally, with dollar bonds maturing in 2033 gaining more than 1 cent to the dollar.

The International Monetary Fund said on Thursday it would send a mission to Dakar next month to discuss the nation's debt misreporting case and a potential new programme.Meanwhile, Fitch and Moody's will review their rating on Turkey, while Kenya and Bulgaria are also due a review.

Source: TradingView

Time to wrap up…

Rachel Reeves could “easily” breach fiscal rules if growth disappoints or rate shocks materialise, the IMF has warned.

While the new Labour government has embarked on a “bold agenda”, the IMF said, delivering it will require overcoming “significant challenges” amid shockwaves from the trade war and the confines of tight fiscal headroom.

The British government could reduce pressure for “overly-frequent changes to fiscal policy” by introducing more headroom, the IMF said in the final version of an annual report on Britain’s economy.

British retail sales rise in June, official figures show

There is some positive news for the retail sector this morning, with official figures showing that monthly sales rose in June by 0.9%. It follows a fall of 2.8% in May.

That was helped by warm weather, with supermarkets reporting better trading and an increase in drink purchases, the Office for National Statistics has said.

NatWest investors given £1.5bn weeks after full privatisation

NatWest will give a further £1.5bn to shareholders only weeks after the UK government sold the final part of its stake in the once bailed-out bank.

The high street lender on Friday announced plans to distribute an interim dividend of 9.5p a share, worth a collective £768m, on top of a fresh £750m share buy-back in the second half of the year.

It came as the bank beat market forecasts with a 4.4% rise in second-quarter profits to just under £1.8bn, thanks in part to higher income linked to its takeover of Sainsbury’s banking business, which it snapped up last year.

Source: GUARDIAN

Source: Theedgemarkets

President Donald Trump said on Friday he had a good meeting with Federal Reserve Chair Jerome Powell and got the impression that the head of the U.S. central bank might be ready to lower interest rates.

The two men met on Thursday when Trump made a rare visit to the U.S. central bank to tour the ongoing renovation of two buildings at its headquarters in Washington. The White House has criticized the cost of the project, and the president and Powell sparred over the issue during the visit.

Trump also took the opportunity to again publicly call on Powell to slash rates immediately.

"We had a very good meeting ... I think we had a very good meeting on interest rates," the president told reporters on Friday.

Federal Reserve Chair Jerome Powell looks at U.S. President Donald Trump holding a document during a tour of the Federal Reserve Board building, which is currently undergoing renovations, in Washington, D.C., U.S., July 24, 2025. REUTERS/Kent Nishimura

"He (Powell) said, 'Congratulations, the country is doing really well,' and I got that to mean that I think he's going to start recommending lower rates because of that conversation," Trump said.

The Fed is widely expected to leave its benchmark interest rate in the 4.25%-4.50% range at the conclusion of a two-day policy meeting next week. Powell has said the Fed should wait for more data before adjusting rates.

The visibly tense exchange between Trump and Powell at the Fed's massive construction site on Thursday marked an escalation of White House pressure on the central bank as well as Trump's efforts to get Powell to lower rates.

The U.S. central bank said on Friday it was "grateful" for Trump's encouragement to complete the renovation of its buildings in Washington and that it "looked forward" to seeing the project through to completion.

Trump, who called Powell a "numbskull" earlier this week for failing to heed the White House's demand for a large reduction in borrowing costs, also said on Thursday he did not intend to fire the Fed chief, as he has frequently suggested he would.

Source: Reuters

Key points:

Trumpplans to visit his golf resort in Turnberry on Scotland's east coast, where he will meet British Prime Minister Keir Starmer on Monday, before heading to his sprawling golf property 200 miles (320 km) away near Aberdeen in the west.As part of the visit, he will open a second 18-hole course on the Aberdeen property named in honor of his mother, Mary Anne MacLeod, who was born and raised on a Scottish island before emigrating to America.White House press secretary Karoline Leavitt this week said the trip was intended as a "working visit that will include a bilateral meeting with Prime Minister Starmer to refine the historic U.S.-U.K. trade deal."

The overseas travel comes as Trump faces the biggest domestic political crisis of his second term in office. Allies and opponents alike have criticized his administration's handling of investigative files related to Epstein's criminal charges and the circumstances of his 2019 death in prison.The issue has caused a rare breach with some of Trump's most loyal Make America Great Again supporters, and majorities of Americans and Trump's Republicans say they believe the government is hiding details on the case, according to Reuters/Ipsos polling.

White House officials, frustrated by the ongoing focus on the Epstein saga, are hoping the controversy dies down while Trump is abroad, one person familiar with the matter said.

The trip, initially billed as a private visit, gives Trump and Starmer a chance to deepen their already warm relationship, with key issues on the agenda to include ending Russia'swar in Ukraine, British and U.S. sources said.British officials have been heartened by what they see as a clear shift in Trump's rhetoric on Ukraine and Russia in recent weeks, a British source said.

The deteriorating situation inGazais also likely to come up. Starmer on Thursday said he would hold an emergency call with France and Germany over what he called the "unspeakable and indefensible" suffering and starvation being reported there, and called on Israel to allow aid to enter the Palestinian enclave.Gaza health authorities say more than 100 people have died from starvation, most of them in recent weeks. Human rights groups have said mass starvation is spreading even as tonnes of food and other supplies sit untouched just outside the territory.

Since being elected last year, Starmer has prioritized good relations with Trump, stressing the importance of Britain's defense and security alliance with the U.S. and being careful to avoid openly criticizing Trump'stariff policies.That approach helped Britain seal the first tariff-reduction deal with the U.S. in May, which reaffirmed quotas and tariff rates on British automobiles and eliminated tariffs on the UK's aerospace sector, but left steel tariffs in place.

Starmer is expected to press for lower steel tariffs, but sources close to the matter said it was unclear if any breakthrough was possible during Trump's visit.Trump also is expected to meet Scottish leader John Swinney, who publicly backed Democratic candidate Kamala Harris in the 2024 U.S. presidential election, but no details have been released by either side.

Trump has described Scotland as a "very special place" and made a similar trip there in 2016 during his first run for the presidency, but he will not necessarily get a warm welcome.About 70% of Scots have an unfavorable opinion of Trump, while 18% have a favorable opinion, an Ipsos poll in March found.Scottish police are girding for protests on Saturday in both Aberdeen and in Edinburgh, the country's capital.

Trump will return to Britain from September 17-19 for a state visit hosted by King Charles. It will make Trump the first world leader in modern times to undertake two state visits to Britain. The late Queen Elizabeth hosted him at Buckingham Palace for a three-day state visit in June 2019.

Source: TradingView