Doberman VC | Market Recap — 21 July

1. [ETH]
   What happened: Highest outflows from spot ETH ETFs in June, with $11.3 million net outflows recorded on Friday.
   Why it matters: Hold your ETH position in the short term to monitor the impact of institutional outflows and technical price levels.
   🎯 Trader’s Take: Risk: Medium | Confidence: 8/10 | Entry: $3817.45 USD
2. [ETH]
   What happened: ETH experienced the highest outflows from spot ETH ETFs in June, with BlackRock’s ETHA ETF leading the decline.
   Why it matters: Hold your ETH position in the short term and monitor the price action around the key resistance level of $2,480–$2,500.
   🎯 Trader’s Take: Risk: Medium | Confidence: 7/10 | Entry: $3817.45 USD
3. [ETH]
   What happened: Highest outflows from spot Ethereum ETFs recorded on Friday, with $11.3 million in net outflows, marking the largest single-day decline in June.
   Why it matters: Monitor the situation closely to assess the impact of institutional outflows on Ethereum’s price movement.
   🎯 Trader’s Take: Risk: Medium | Confidence: 8/10 | Entry: $3816.79 USD
4. [ATOM]
   What happened: ATOM broke out of its consolidation pattern with an upward move amid a volume spike.
   Why it matters: Consider buying ATOM in the short term given the breakout and volume spike.
   🎯 Trader’s Take: Risk: Low | Confidence: 8/10 | Entry: $4.01 USD
5. [USDC]
   What happened: Circle aims for a fully diluted valuation of up to $7.2 billion in its upcoming IPO, with plans to offer up to 32 million shares priced between $27 and $28 each.
   Why it matters: Hold your position and monitor the IPO process closely.
   🎯 Trader’s Take: Risk: Medium | Confidence: 8/10 | Entry: $1.00 USD

🏷️ #ETH #ATOM #USDC #crypto #IPO #dobermanfinance