Ethereum News Today: Ethereum Gains 20.60% as Institutional Buying Boosts Bullish Outlook

Ethereum is currently trading above the Ichimoku Cloud, with a bullish crossover indicating a potential rally towards the $4,000 mark. The weekly structure is setting up key confirmations that could signal the start of a fresh uptrend. The recent Tenkan-sen crossing above the Kijun-sen, known as a Golden Cross, has triggered renewed optimism among market watchers. This crossover occurred near the cloud, reinforcing its importance on a macro level.

Ethereum has breached the top of the Ichimoku Cloud, and a close above the cloud on the weekly chart would confirm a bullish Kumo breakout. This pattern is historically used to signal a reversal of long-term trends and may indicate sustained upside pressure. As of the latest update, ETH is valued at $3575.49, has gained 20.60% in the past week, and is showing increasing market strength.

Another supporting element is the Lagging Span (Chikou), which is approaching the Tenkan-sen. A clean break above it would complete full Ichimoku confirmation, where all five components reflect a bullish trend. Institutional activity also signals confidence in Ethereum’s outlook. SharpLink has acquired 157,000 ETH worth almost $500 million since July 1, indicating high-conviction, long-term positioning rather than speculative trading.

Such sizable institutional inflows are uncommon without internal projections or insights. The accumulation may be tied to growing interest in Ethereum ETFs, developments in Layer 2 scaling technologies, or Ethereum’s expanding role in restaking and modular blockchain frameworks. Additionally, increased buying from new wallet addresses, many assumed to be institutional, suggests that ETH’s current level is viewed as a strategic entry point. This development is likely contributing to market momentum, with whales positioning ahead of anticipated events in Ethereum’s roadmap.

With ETH hovering near the cloud top, the next few days are critical for confirming a breakout. Should the current weekly candle close above the cloud, Ethereum would meet one of the strongest Ichimoku breakout conditions. Moreover, if the Lagging Span clears the Tenkan-sen, it would complete the bullish structure and likely trigger increased buying. The next target is the psychological resistance at $4,000, which Ethereum seems poised to approach quickly if confirmations hold. Quiet accumulation by significant holders and bullish technicals set everything up for upside, provided the volume continues to hold and the technical levels follow through.