Ethereum News Today: Ethereum Surges 45.5% in 30 Days as Futures Volumes Hit $2.12 Trillion in July

Ethereum’s price and trading volumes have surged in early August 2025, with the cryptocurrency trading near $4,300 and outperforming Bitcoin in recent market moves. Over the past 30 days, Ethereum has risen by 43%, according to Nansen, bringing it closer to its all-time high of $4,828 set in November 2021. Short-term holders have intensified profit-taking, with on-chain analytics platform Glassnode reporting daily profit realization of approximately $553 million driven mainly by traders holding ETH for less than 155 days. This contrasts with long-term holders, who have been more cautious in taking gains, reflecting activity levels seen in December 2024.

In July, Ethereum’s futures monthly trading volume at CME reached an unprecedented level of $118 billion, marking an 82% increase from the previous month. CoinGlass data also shows a dramatic 75% surge in open interest, rising from $2.97 billion in June to $5.21 billion, contributing to ETH’s price reaching over $4,300 by the weekend. These record-breaking trends at CME are mirrored globally, with Ethereum futures trading volume across all exchanges hitting $2.12 trillion in July, a 38% monthly increase that surpassed the previous May 2021 record of $1.87 trillion by 13%. By August 9, the total open interest was nearing an all-time high of $36.3 billion.

Ethereum’s price exceeded $4,300 on a Saturday for the first time since December 2021. By Monday, it climbed to $4,350 but slightly pulled back later that day. Despite the fluctuation, current levels remain only 14% below the all-time high of $4,878 set in November 2021. Meanwhile, funding rates are not at the extreme levels seen in December 2024, indicating that despite increased trading volumes, there is no excessive leverage usage. Google search data also shows rising interest in Ethereum, with search volumes reaching their peak since June 2022 by mid-August.

Data from CryptoAppsy reveals that ETH was trading at $4,303, up by 0.78% within the last 24 hours. Over the past week, the cryptocurrency gained 18.64%, and over the last 30 days, it rose by 45.5%. The growing institutional interest is also evident, with the total Ether held by companies with crypto treasuries reaching 3.04 million ETH, valued at about $13 billion. This increased adoption is reflected in the operations of major exchanges like Coinbase, which reported a 40% surge in trading fees as Ethereum prices hit multi-year highs, fueled by rising staking activity and altcoin demand.

Transaction volume on the Ethereum network is also climbing, nearing its January 2024 high of 1.9 million transactions in a single day, suggesting increased usage and adoption of the platform. Cheaper decentralized finance (DeFi) costs are likely contributing to this trend, offering more cost-effective alternatives to traditional financial systems.

However, traders remain cautious about a near-term return to all-time highs. The cryptocurrency is currently trading about 12.7% below its peak, and CoinGlass data indicates that $2.23 billion in positions could be liquidated if the price nears $4,700. This hesitancy may stem from earlier failed rally attempts and the sharp pullback to below $2,000 in March 2025, which left many traders unprepared for the subsequent surge.

Despite the optimism, sentiment is mixed among analysts. Arthur Hayes, co-founder of BitMEX, recently re-entered the Ethereum market after selling $10.5 million worth of ETH at $3,507, signaling some confidence in the network’s long-term potential. Meanwhile, Santiment analyst Brian Quinlivan noted that public news of large institutional purchases can trigger fear of missing out (FOMO), which might briefly stall or even push prices downward.

Ethereum’s performance is also being closely watched as the broader crypto market reaches record levels. Bitcoin briefly surpassed $120,000, and the overall market cap hit a multi-year high, according to Binance data. This surge in sentiment is further supported by rising demand for spot Ethereum ETFs and renewed optimism around the network’s future upgrades.

As Ethereum continues to trade near key resistance levels, the market remains on edge, balancing bullish momentum with growing profit-taking. The coming weeks will likely determine whether this rally sustains or faces a pullback, with institutional adoption and on-chain activity playing critical roles in shaping Ethereum’s next move.

Source: [1] Ethereum surges past $4000 as crypto market soars to all-... (https://fortune.com/crypto/2025/08/11/ethereum-price-today-bitcoin-price-crypto-market-capitalization-all-time-high/)

[2] ETH Transaction Volume Climbs on Price Rally, Cheaper ... (https://www.coindesk.com/tech/2025/08/11/eth-transaction-volume-climbs-on-price-rally-cheaper-defi-costs)

[3] Ether profit-taking on the rise as ETH tiptoes near $4.3K (https://cointelegraph.com/news/ether-profit-taking-short-term-holders-selling-crypto-data)

[4] Coinbase Benefits as Ethereum Price Surges 40% in July (https://www.ainvest.com/news/ethereum-news-today-coinbase-benefits-ethereum-price-surges-40-july-2508/)

[6] Ether treasuries climb to $13B as price breaks $4300 (https://cointelegraph.com/news/eth-treasury-holdings-hit-13b-surge-4k)