Ethereum News Today: Ethereum Hits $3,810 High on $4.1 Billion ETF Inflows, 54% Monthly Gain

Ethereum (ETH) surged past $3,800 on July 23, reaching an intraday high of $3,810 on the Bitstamp exchange, driven by robust inflows into Ethereum-based ETFs and growing investor accumulation. The price recovery marks a significant milestone as ETH approaches its previous all-time high of $4,878, set in November 2021, albeit at a 22.8% discount. Over the past month, Ethereum has appreciated by 54%, fueled by heightened demand from both institutional and retail investors [1].

The surge in ETF inflows has been a critical catalyst. Ethereum ETFs recorded a cumulative $4.1 billion in inflows during the reporting period, with July 22 alone contributing $533 million. BlackRock’s iShares Ethereum Trust ETF has emerged as a dominant force, outperforming Bitcoin ETFs in attracting capital over the past week. This trend underscores a shifting sentiment toward Ethereum, which is now outpacing Bitcoin in terms of ETF adoption [1].

On-chain data further reinforces the bullish momentum. A major whale associated with DeFiance Capital acquired 30,366 ETH ($114 million), while eight newly created wallets collectively amassed 583,248 ETH ($2.2 billion) over the last month. These large-scale accumulations signal long-term confidence in Ethereum’s value proposition and have contributed to the sustained price rally. Additionally, Ethereum has reached an all-time high in open interest, reflecting increased participation in derivatives markets and broader speculative activity [1].

Market forecasts, however, remain mixed. Polymarket data indicates a 33% probability that ETH will surpass $4,000 by the end of July, with 89% of users expecting a breakout to that level at some point this year. Approximately 54% of participants predict ETH will breach $5,000 before year-end. These probabilities highlight both optimism and caution among investors, though actual price movements will depend on macroeconomic factors and regulatory developments [1].

The ETF-driven inflows have created a virtuous cycle for Ethereum. As institutional investors allocate capital through these vehicles, they amplify market liquidity and reduce volatility, making the asset more attractive to a broader investor base. The outperformance of Ethereum ETFs over Bitcoin ETFs suggests that investors are increasingly prioritizing Ethereum’s unique features, such as its transition to a proof-of-stake consensus model and ongoing upgrades like the Shanghai hard fork.

Source: [1] [Ethereum Reclaims $3,800 as ETF Inflows Soar Past $4.1 Billion] [https://coinmarketcap.com/community/articles/68881020ee68857097c352a9/]