Ethereum News Today: Ethereum’s 64% Surge Driven by On-Chain Activity and Sentiment Shift

Ethereum’s resurgence in mid-2025 is gaining traction as on-chain activity and shifting sentiment suggest a potential for further gains. Large holders, including institutional investors, have been quietly accumulating ETH since early 2025, according to data from Santiment [1]. Wallets holding between 10,000 and 100,000 ETH have shown steady growth, signaling strategic positioning ahead of broader retail interest. This accumulation, combined with a surge in social media discussions, indicates a departure from short-term speculative behavior and a focus on Ethereum’s fundamentals [1]. Unlike previous cycles where Ethereum closely followed Bitcoin’s price trajectory, its relative market value has risen 64% since May 8, 2025, reflecting renewed investor confidence in the altcoin’s independent momentum [1].

The shift in sentiment has been marked. In April 2025, when Ethereum hit $1,450, bearish sentiment dominated crypto forums, with a bullish-to-bearish comment ratio of 3:5. By late July, however, sentiment had flipped to a 2:1 bullish ratio, signaling a return of trader optimism [1]. While this remains below the “frothy” 3.5:1 ratio recorded in mid-June, the moderation suggests a more sustainable buildup of confidence rather than a speculative frenzy. Analysts note that such sentiment shifts historically precede significant price moves, particularly when institutional involvement aligns with retail enthusiasm [1].

Supportive forecasts further reinforce the bullish narrative. Fundstrat’s Tom Lee has predicted Ethereum could reach $10,000–$15,000, citing ETF inflows, institutional demand, and AI infrastructure as catalysts [1]. Matt Hougan of Bitwise added that the recent price surge reflects fundamental upgrades rather than cyclical hype, pointing to increased venture capital investment in blockchain-AI projects as evidence of institutional validation [6]. These perspectives align with broader trends in the crypto ecosystem, where Ethereum’s role in next-generation decentralized applications is being redefined [5].

However, technical analyses present a mixed outlook. TradingView analysts identified a bearish setup, noting Ethereum’s movement within a descending channel and potential short-term weakness below a critical supply zone [2]. CoinGlass data highlights elevated borrowing costs for wrapped Ether and overvaluation indicators, raising concerns about near-term volatility [4]. Traders on platforms like TradingView have also proposed bearish strategies, emphasizing temporary downward trends within harmonic patterns [3]. These diverging signals underscore the market’s uncertainty, with some participants adopting defensive positions while others bet on a larger rally.

The path forward remains contingent on Ethereum’s ability to sustain current price levels amid macroeconomic uncertainties. On-chain accumulation and improved sentiment favor a potential breakout, but technical indicators like overvaluation metrics and liquidation risks could introduce headwinds [4]. Investors are advised to monitor large holder activity and institutional onboarding trends, which have historically served as reliable leading indicators in crypto markets [1].

Sources:

[1] [Ethereum’s Rebound Isn’t Hype: On-Chain Signals Point to ...](https://cryptopotato.com/ethereums-rebound-isnt-hype-on-chain-signals-point-to-a-bigger-rally-ahead/)

[2] [ETHUSDT_B125AA.USD trade ideas](https://www.tradingview.com/symbols/ETHUSDT_B125AA.USD/ideas/?asset=base&sort=recent)

[3] [ETHUSDT_DE67D0.USD trade ideas](https://www.tradingview.com/symbols/ETHUSDT_DE67D0.USD/ideas//page-2/?asset=base)

[4] [Real-Time Crypto News, Latest Cryptocurrency Updates](https://www.coinglass.com/news)

[5] [Crypto Investing Guide: 7 Mental Models for 2025 Success](https://aronhosie.com/2025/07/24/crypto-investing-guide-7-mental-models-for-2025-success/)

[6] [Latest crypto News, Opinions and Feed Today](https://www.binance.com/en-BH/square/hashtag/crypto)