Ethereum News Today: Ethereum Holds $3,700 as Whales and Institutions Accumulate $2.57 Billion in July

Ethereum’s price has remained above $3,700 for much of July 2025, driven by accumulating activity from large holders, or “whales,” and sustained institutional demand. On-chain data reveals conflicting whale behavior: one tracked whale sold 8,005 ETH at $3,751 for $30.03 million in early July, while others quietly built positions, including a major accumulation of 72,333 ETH ($272 million) via FalconX [1][6]. Analysts highlight this duality, noting that while some whales cash in profits, others see value in the current price range. Over $2.57 billion in ETH has been bought since July 1, 2025 by 23 whale/institutional wallets, indicating record bullish conviction from major players [6].

Institutional buying pressure has bolstered Ethereum’s resilience above $3,700. Ethereum treasury firms and U.S. spot ETFs have collectively accumulated 32 times more ETH than the network’s newly issued supply since mid-May [2]. Bitwise CIO Matt Hougan estimates these entities could inject $20 billion into ETH over the next year, dwarfing projected supply and potentially driving the token to $15,000 by year-end, according to an analyst’s forecast [2]. This forecast contrasts with technical indicators suggesting overbought conditions: Ethereum faced rejection near $3,800 in late July, with over $144 million in futures liquidations recorded in a 24-hour period [2].

Despite short-term volatility, Ethereum’s fundamentals remain strong. The asset has outperformed Bitcoin in recent weeks, with on-chain data showing a 20% monthly outperformance in June [7]. This momentum aligns with growing institutional adoption, including the launch of crypto treasuries by firms like SharpLink Gaming and Bit Digital, which hold over 840,000 ETH combined. U.S. spot ETH ETFs have also seen record inflows, with net inflows reaching $296.5 million on July 21, extending a 12-day streak of positive flows [2].

Retail and institutional interest has fueled renewed fear of missing out (FOMO). After breaching $3,600 in early July, Ethereum’s price climbed toward $3,700 amid renewed demand from both retail investors and institutional players [5]. However, traders remain cautious about key support and resistance levels, including $3,500 and $4,000, as technical indicators like the RSI suggest a potential short-term pullback to $3,470 [2]. A sustained close below $2,850 could trigger further declines toward $2,500, though a recovery above this level might test critical resistance near $4,100 [2].

Ethereum’s role as the foundation for stablecoins and tokenization projects further supports bullish sentiment. Analysts predict billions in new capital flows as these sectors expand [2]. While the immediate outlook remains mixed, the interplay of whale activity, institutional inflows, and macroeconomic factors suggests Ethereum’s price will remain anchored near $3,700 for the foreseeable future.

Sources:

[1] [Ethereum Whale Activity](https://cryptonews.net/news/ethereum/31298342/)

[2] [Ethereum Price Forecast](https://www.fxstreet.com/cryptocurrencies/news/ethereum-price-forecast-eth-is-heading-higher-as-demand-outpaces-supply-bitwise-202507222330)

[5] [Mega Whales and Wall Street](http://www.msn.com/en-us/money/markets/mega-whales-and-wall-street-interest-push-ethereum-toward-3-700/ar-AA1IQzf5)

[6] [Major Whale Accumulation](https://blockchain.news/flashnews/major-whale-accumulates-72-333-eth-272m-via-falconx-signaling-strong-bullish-momentum-for-ethereum)

[7] [Ethereum Outperforms Bitcoin](https://coincentral.com/bitcoin-price-prediction-roadmap-to-150k-why-eth-and-erc%E2%80%9120-tokens-will-likely-outperform-btc/)