Ethereum News Today: Ethereum Jumps 4% to $3,657 as Institutions Buy 566,776 ETH

Ethereum (ETH) and its related corporate treasury stocks experienced a notable rebound in late July, driven by strategic institutional purchases and renewed market optimism. Following a week of volatility, shares of major Ethereum treasury companies surged as firms disclosed expanded cryptocurrency holdings, pushing the price of ETH up 4% to $3,657. The recovery was fueled by aggressive accumulation from entities like BitMine Immersion Technologies (BMNR), whose Ethereum reserves now exceed 566,776 ETH ($2 billion), marking a pivotal milestone in corporate crypto adoption. This move reinforced bullish sentiment, with stocks of ETH-focused companies such as BMNR and SharpLink Gaming (SBET) posting double-digit gains.

The momentum was amplified by high-profile institutional involvement. BitMine, which recently secured a $182 million investment from Cathie Wood’s Ark Invest, announced plans to acquire 5% of the total ETH supply. Analyst Tom Lee highlighted the firm’s progress, stating it is “well on our way” to achieving this target. Meanwhile, PayPal co-founder Peter Thiel’s 9.1% stake in BitMine underscored growing confidence in the firm’s long-term strategy. SharpLink Gaming, backed by Ethereum co-founder Joseph Lubin, increased its stock price by over 5% after pledging to hold 1 million ETH, while GameSquare Holdings (GAME) saw a 9% surge following a $5.15 million investment from Compound founder Robert Leshner.

Market indicators further validated the turnaround. Ethereum’s price climbed above key moving averages and approached $3,771, with the Relative Strength Index (RSI) reaching 71—a level suggesting potential for further gains. Futures open interest (OI) rose 1.95% to $55.13 billion, reflecting heightened speculative activity. However, short-term risks linger: 640,000 ETH recently exited staking pools, which could introduce volatility if liquidation pressures materialize. Analysts caution that while the $3,850 resistance level remains a critical target, sustained volume and corporate staking demand will be key to maintaining upward momentum.

The broader market environment also supported the rally. Cryptocurrency trading volumes rebounded 3%, and Ethereum outperformed altcoins as investors shifted capital toward risk-on assets. Despite these gains, some firms remain cautious: SBET’s stock, while up 5%, had still fallen 29% over the past week, illustrating the sector’s sensitivity to profit-taking.

Sources: [1] [Is Ethereum the next treasury asset trend?](https://www.mitrade.com/au/insights/news/live-news/article-3-969332-20250718) [2] [Should You Follow the Lead of Billionaire Peter Thiel and Invest in Ethereum?](https://www.theglobeandmail.com/investing/markets/stocks/HOOD/pressreleases/33615885/should-you-follow-the-lead-of-billionaire-peter-thiel-and-invest-in-ethereum/) [5] [AguilaTrades Boosts Ethereum Long Position Significantly](https://m.economictimes.com/crypto-news-today-live-25-jul-2025/liveblog/122889124.cms) [7] [Cathie Wood Bets $182 mln on Ethereum Treasury Giant BitMine...](https://eng.ambcrypto.com/cathie-wood-bets-182-mln-on-ethereum-treasury-giant-bitmine-heres-why/) [8] [BitMine Amasses $2 Billion Ethereum Holdings in Just 16...](https://www.stocktitan.net/news/BMNR/bit-mine-immersion-eth-holdings-exceed-2-billion-of-ethereum-to-5ejvm1c5v2qn.html) [9] [Ethereum Price Targets $2800 as 640000 ETH Exits Staking](https://coingape.com/markets/ethereum-price-drop-to-2800-as-640000-eth-exits-staking/)