Key Takeaways
- Fidelity thinks ETH is a store of value now—like some weird digital peso. ETH actually beat BTC in trading volume for a hot minute. Mazel tov, ETH… I guess.
Alright, picture this: Wall Street suits suddenly notice Ethereum [ETH]. Now even Fidelity—the people who probably still write checks—are calling ETH a “store of value” and maybe even a little piggy bank for the rich. I mean, come on, next they’re gonna say ETH is good for your cholesterol.
They put out this fancy report with, I don’t know, a thousand footnotes, and say stuff like:
“Ether is used to pay for any transaction on the Ethereum blockchain, regardless of the type of transaction…Ether can serve as a medium of exchange and a store of value.”
Sure, sure. ETH is a “medium of exchange.” With those gas fees? Maybe if you’re exchanging kidneys. But alright, let’s all play along. Fidelity compares blockchains to actual countries. That’s hilarious. You ever see Estonia pull a rug? Me neither.
Apparently ETH is now “the most actively traded asset” on exchanges and “the primary asset to borrow against.” Why? Because some people like to gamble, that’s why. 🤷
Market reactions
This big update is, what, a ‘vote of confidence’ for ETH? Hallelujah, everybody calm down! Did we forget ETH was trailing so bad against BTC in 2024? ETH was like that actor who peaked in the ’90s. At one point, it dropped 70% against BTC—talk about rejection. Even Solana was doing better. Solana! That’s not a cryptocurrency, that’s a resort in Florida.
So now Fidelity’s report comes along, and suddenly the ETH people are throwing confetti. Everyone loves Sassal, the Ethereum enthusiast, who calls the whole thing ‘bullish’ and says ETH should be worth $100 trillion. Uh-huh. I’d also like a mansion in Malibu—doesn’t mean it’s happening.
“ETH is a $100 trillion asset trading at $316 billion.” (And I’m the Queen of England! 👑)
Meanwhile, analysts everywhere are predicting rainbows and unicorns for Ethereum—stablecoin booms, on-chain stock markets, cats and dogs living together… you get the idea.
ETH sentiment hit “greed” levels and the price bounced to $2.6K—a whopping 2.8% up. We’re printing T-shirts now?! According to CoinGlass, ETH even flipped BTC in daily trading volume and wild speculation. Amazing. Someone order a parade.
Big ETH’s Open Interest (OI) rate jumped 7% while BTC’s actually shrank (-0.18%). That means everyone wants ETH… on futures, where gamblers go to gamble even harder. 🎰
At the same time, derivatives trading hit $59 billion—three billion more than BTC. What are you people doing? If this keeps up, ETH could outperform BTC in returns, at least until the wheel spins the other way. Good luck.
By the way, options traders are going all in—Put/Call Ratio at 0.44—so people are betting on calls (bullish), not puts (bearish). Everyone wants this thing to go up, because what could go wrong? 🙄

The biggest optimistic price targets: $2.8K and $3.2K. Maximum pain point? Around $2K—where options, dreams, and maybe a few Lambos go to die. If you want a breakout in Q3, you’re gonna need more luck than a Mets fan.
Sum it up: ETH might be stuck under $3K for a while. But hey, options traders still believe. And if they’re wrong? Well, we’ll see them in group therapy.
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2025-07-10 01:15