Ethereum News Today: Ethereum Surges 152% to 180-Day High of $3,671 on Institutional Demand

Ethereum has reached a significant milestone, hitting an 180-day peak of $3,671, marking a 152% rally from its March lows of approximately $1,392. This surge has been particularly notable in July, with Ethereum posting a record 37% monthly gain. The driving force behind this rally is historic institutional demand, with spot ETFs recording single-day inflows of $720 million.

Currently, Ethereum is trading well above all major moving averages and is approaching the critical $4,000-$4,200 resistance zone. Institutional accumulation behind Ethereum’s rally has outpaced Bitcoin’s ETF flows, with major players like BlackRock, Fidelity, and Grayscale funneling billions into Ethereum products. This shifting institutional preference provides fundamental support for technical breakouts, positioning Ethereum for potential acceleration.

Technical analysis reveals that Ethereum is approaching a historic inflection point, where cycle patterns suggest that the most explosive phase may still lie ahead. Ethereum’s 4-hour chart shows methodical progression through a well-defined ascending channel, building momentum since March lows. Ethereum is currently testing the upper boundary around $3,700-$3,800 and trades well above all exponential moving averages in bullish alignment.

The positioning indicates strong underlying momentum with pullbacks likely finding support at progressively higher levels. RSI readings of 78.54 indicate strong momentum approaching overbought conditions, but institutional ETF flows provide fundamental support for sustained advances. The projection above $4,100 is based on measured moves from a channel breakout, combined with resistance levels aligning with previous cycle highs.

ETF inflows exceeding those of Bitcoin indicate a shifting institutional preference toward Ethereum, with multiple public companies expanding their treasuries to cover Ethereum as well. Ethereum approaches major resistance around $4,000-$4,200, which must be cleared to confirm the initiation of a new bull market cycle. A breakout above this “Strong High” resistance zone would likely trigger what analysts describe as “the most explosive part of the cycle.”

Market structure analysis reveals that Ethereum has successfully reclaimed multiple intermediate levels as it approaches the final major hurdle. Cycle comparison analysis provides an even more compelling long-term outlook. While Bitcoin is 1,949% above its macro base, approaching upper expansion zones where previous cycles saw momentum shifts toward altcoins, Ethereum, at 961%, remains significantly lower in its expansion cycle.

Historical patterns also suggest that Bitcoin typically consolidates at similar levels, while Ethereum enters periods of aggressive growth. Current positioning suggests that the transition point may be approaching even further, with Bitcoin showing signs of deceleration. At the same time, Ethereum builds momentum for its expansion phase, targeting cycle parity and potentially parabolic advances.