Ethereum News Today: Ethereum Rises 17% in Week as Institutional Trading Hits $118 Billion High

Ethereum has demonstrated strong momentum, with its price currently holding at $4,421 amid a broader crypto market slowdown. Over the past week, the asset has risen 17%, 45% in a month, and 67% year-to-date. This upward trend has been fueled by record-breaking institutional activity, particularly in the derivatives space. In July, the CME Ethereum futures volume reached an all-time high of $118 billion, signaling a surge in institutional demand and market confidence in the asset [1].

The elevated trading activity is not limited to volume alone. According to data from The Block, open interest in CME Ethereum futures currently stands at $6.04 billion, a record high and an increase from the end of July. This suggests that institutional interest is not only robust but also continuing to grow [1]. Additionally, Ethereum ETFs and strategic reserves now account for 7.98% of the total circulating supply, up from just 3% in early April. The rate of accumulation has accelerated in recent weeks with no immediate signs of slowing down [1].

Technical indicators also reflect bullish momentum. The Moving Average Convergence Divergence (MACD) has touched its second-highest level of the year, while the Relative Strength Index (RSI) has moved above 60 from an oversold level of 25 a week ago. These indicators point to sustained buying pressure and the potential for renewed gains by the end of the week [1]. Ethereum is still 12% below its all-time high of $4,878, set in November 2021, indicating that the asset still has room to grow before entering a potential consolidation phase above $5,000 [1].

Ethereum's strong fundamentals further support the positive price outlook. It continues to dominate as the largest layer-one network in terms of total value locked (TVL), which stands at $91.67 billion—accounting for 61% of the entire crypto market. Given this strong market position and ongoing institutional adoption, some analysts predict that Ethereum could reach $6,000 by the end of Q4 2025 and potentially climb as high as $10,000 by 2026 [1].

Source: [1] Ethereum Price Prediction: Record-Breaking Institutional Trading Signals $10K ETH Ahead (https://cryptonews.com/news/ethereum-price-prediction-record-breaking-institutional-trading-signals-10k-eth-ahead/)