Ethereum News Today: Ethereum Gains 6.62 as ETF Inflows and Institutional Buying Drive Bullish Momentum

Investor interest in Ethereum is intensifying as the cryptocurrency surges toward its all-time high, driven by robust institutional buying and strong inflows into Ethereum-based exchange-traded funds (ETFs). Over the past 24 hours, Ethereum gained 6.62%, trading above $4,675 and remaining within 6% of its previous record high of $4,891. In the last week, the token has climbed nearly 27%, outperforming Bitcoin and sparking widespread bullish sentiment in the market [1].

Ethereum ETFs have become a focal point of this momentum, with over $1 billion in inflows recorded in a single day, far surpassing the $178 million seen in Bitcoin ETFs on the same day. The trend continued the following day with an additional $523 million in inflows, signaling sustained institutional demand [3]. This surge coincides with increased corporate investment in Ether, including a recent announcement from BitMine Immersion Technologies, which plans to raise an additional $20 billion for Ethereum purchases, bringing its total holdings to $24.5 billion [4].

The growing interest is also supported by broader macroeconomic trends. Strong U.S. employment data and contained inflation have bolstered risk-on sentiment across asset classes. Treasury Secretary Scott Bessent has described the economic outlook as “fantastic” and called for a 50-basis-point rate cut in September [5]. This environment has encouraged capital to flow into altcoins, with Ethereum benefiting from its recent outperformance of the broader cryptocurrency market.

Over the past month, Ethereum has gained 41%, significantly outpacing the crypto market’s 9% increase. This performance has reduced Bitcoin’s market dominance and intensified speculation about the potential arrival of an “altcoin season” [9]. Analysts are closely monitoring these developments. Yashasedu, a crypto trader, noted that in previous bull cycles, Ethereum’s market cap reached 35% of Bitcoin’s. He suggested it could hit around $8,500 if Bitcoin reaches $150,000. Michael van de Poppe drew parallels to Bitcoin’s post-ETF rally, predicting Ethereum could set a new all-time high before entering a consolidation phase [7][8].

Standard Chartered has also raised its price target for Ethereum, projecting $25,000 by 2028. This upward revision reflects heightened confidence in Ethereum’s institutional adoption and the expansion of its stablecoin ecosystem. Treasury firms have accumulated 3.8% of Ethereum’s total supply since June and are expected to acquire more in the coming months. With Ethereum’s total reserves potentially surpassing $70 billion, the scale of accumulation highlights a strategic shift in how firms are viewing the asset [1].

Despite the positive momentum, Ethereum’s price currently trades slightly below its peak of $4,660, reflecting the inherent volatility of the crypto market. While the outlook is bullish, investors remain cautious as market dynamics continue to evolve. The convergence of strong ETF inflows, corporate adoption, and favorable macroeconomic indicators has created a favorable environment for Ethereum, yet volatility remains a key factor to monitor.

Sources:

[1] AInvest, [https://www.ainvest.com/news/ethereum-news-today-ethereum-climbs-6-62-institutional-buying-etf-inflows-time-high-2508/](https://www.ainvest.com/news/ethereum-news-today-ethereum-climbs-6-62-institutional-buying-etf-inflows-time-high-2508/)

[2] Coindoo, [https://coindoo.com/ethereum-climbs-to-4600-bulls-eye-a-fresh-all-time-high/](https://coindoo.com/ethereum-climbs-to-4600-bulls-eye-a-fresh-all-time-high/)

[3] CoinCentral, [https://coincentral.com/ethereum-soars-past-4500-approaches-all-time-high-is-altcoin-season-here/](https://coincentral.com/ethereum-soars-past-4500-approaches-all-time-high-is-altcoin-season-here/)

[9] The Economic Times, [https://m.economictimes.com/markets/cryptocurrency/ethereum-outpaces-crypto-market-with-41-monthly-surge-bitcoin-at-119k-should-you-buy/articleshow/123274597.cms](https://m.economictimes.com/markets/cryptocurrency/ethereum-outpaces-crypto-market-with-41-monthly-surge-bitcoin-at-119k-should-you-buy/articleshow/123274597.cms)