Ethereum News Today: Ethereum Surges 8% Past $4,600 as Institutional Buying Fuels $6,000 Hopes

Ethereum climbed above $4,600 in early July, signaling renewed optimism among investors and analysts. On July 11, 2025, the asset reached an intraday high of $4,629 on Deribit, posting an 8% gain over the prior 24-hour period. This move has drawn attention to a potential $6,000 price target, with bullish momentum supported by strong technical patterns and growing institutional interest.

The 2-hour ETH/USD chart has shown a breakout pattern, reinforcing the upward trend and suggesting a possible advance toward the $4,197 support level [2]. These indicators point to a strengthening price structure and increasing buyer confidence. The Ethereum Fear and Greed Index has surged to 83, a reading classified as extreme greed, reflecting heightened optimism across market participants. The index is derived from a blend of price trends, volatility, trading volume, and on-chain activity [1].

Institutional adoption has played a pivotal role in the recent rally. BlackRock has acquired 150,000 ETH, while other entities, including BitMine, have added over $4.96 billion in Ethereum to their reserves, making them among the largest institutional holders [1]. Additionally, Ethereum-based ETFs have recorded record inflows, drawing $1 billion in new capital, which underscores the asset’s growing appeal among both retail and institutional investors.

Despite the bullish outlook, mixed on-chain activity indicates some short-term uncertainty. Whale behavior shows a divergence, with certain large holders securing profits while others continue to accumulate. This suggests that while the broader trend is up, short-term volatility is a risk as traders respond to profit-taking opportunities [1]. Analysts remain cautious but generally confident, with Tom Lee forecasting that Ethereum could surpass $6,000 and potentially outperform Bitcoin in the longer term [1].

Ethereum’s price resilience is further supported by expanding use cases, including DeFi and layer-2 scaling solutions, which enhance its utility and adoption. As the U.S. Federal Reserve prepares to release key inflation data, Ethereum’s ability to maintain its bullish momentum highlights the strength of both its fundamental and technical foundations.

Market participants are now closely watching key resistance levels at $5,000 and $6,000. A successful breakout above these levels could catalyze a fresh wave of demand and reinforce Ethereum’s position as a leading digital asset. Investors continue to monitor on-chain metrics and institutional activity for further signals of sustained upward movement.

Source: [1] Ethereum Taps $4600 as Bulls Set Sights on $6K, https://news.bitcoin.com/ethereum-taps-4600-as-bulls-set-sights-on-6k/

[2] Ethereum Trade Ideas — BITSTAMP:ETHUSD, https://www.tradingview.com/symbols/ETHUSD/ideas/