Last week, $ETH looked like it was quietly rebuilding strength while most traders were still focused on the noise around $BTC.

That’s where people often get trapped: buying after the move feels “confirmed,” only to run straight into resistance. In crypto, strong inflows can support a trend, but they don’t remove the risk of a sharp rejection.

Here’s the case: Ethereum recovered above key support and moved into the $1,950 resistance zone, a level that now separates the current rebound from a potential push toward $2,200. At the same time, spot Ethereum ETFs saw $365 million in July inflows, their strongest monthly performance of the year despite broader market volatility.

There was also a notable signal from Arthur Hayes, who reportedly bought back 1,337 $ETH worth about $2.5 million shortly after selling. That kind of reversal can catch attention, but it can also pull retail traders into chasing a move before the chart confirms continuation.

The warning is simple: big money returning does not mean a clean breakout is guaranteed. If $ETH fails around $1,950, late buyers could be the exit liquidity. If it flips that zone with strength, then $2,200 becomes a much more serious target.

What’s your take on this setup from here?

#Ethereum #CryptoTrading #ETH