Ethereum News Today: Ethereum Price Surges 2.87% as Institutional Accumulation Drives 26.6% Trading Volume Spike

Ethereum’s price surged past $3,900 on July 28, 2025, driven by significant institutional accumulation and a spike in trading volume. The cryptocurrency’s rally was fueled by Sharplink Gaming’s $295 million purchase of 77,210 ETH, which raised the company’s total holdings to 438,017 ETH. This acquisition, combined with broader market activity, pushed Ethereum’s 24-hour trading volume above $30 billion—a 26.6% increase—exceeding the network’s monthly issuance of approximately 72,790 ETH. Analysts highlight that the reduced liquid supply, exacerbated by institutional demand outpacing supply growth, has intensified upward price pressure [1].

The surge follows a strategic accumulation pattern by corporate investors. Bitmine Technologies, bolstered by a $500 million investment from Peter Thiel, now holds 566,776 ETH, positioning it as the largest corporate ETH holder. Sharplink Gaming’s second major purchase, following an earlier $258 million acquisition, underscores a deliberate strategy to build a robust treasury in ETH. Meanwhile, GameSquare Holdings launched a $100 million Ethereum treasury initiative, with an initial 1,819 ETH purchase averaging $2,749 per token. The company plans to leverage Ethereum-based protocols for yield generation, reflecting growing corporate adoption of the asset [1].

Technical indicators reinforce the bullish trend. Ethereum’s 14-day RSI reached 81.75, and the MACD histogram stood at +21.93, signaling strong buying momentum. The price approached $4,000, a key resistance level above the 61.8% Fibonacci retracement at $2,950, with analysts noting potential for further gains if institutional demand persists [1]. The Ethereum Foundation also ranks among top institutional holders, reinforcing corporate and organizational interest in the asset.

Market dynamics suggest sustained price resilience. Institutional demand has tightened liquidity, with major buyers absorbing ETH at a rate exceeding the network’s monthly issuance. Over the past 30 days, Sharplink’s purchases alone accounted for more than double the network’s supply growth. This imbalance between supply and demand has contributed to a 2.87% daily price increase, pushing ETH to $3,900 [1].

While the second source notes a separate report on ETF inflows and a 10-year anniversary-driven rally, it lacks direct ties to the specific institutional activity detailed in the primary report [2]. Analysts there reference ETF inflows surging 30% and a potential $5,000 target if buying continues, though these remain speculative without named entities or concrete data. The primary report’s focus remains on corporate actions and on-chain metrics, which provide a clearer foundation for assessing Ethereum’s trajectory [3].

The market’s response to these developments highlights Ethereum’s evolving role in institutional portfolios. With major corporations and hedge funds increasing exposure, the cryptocurrency’s utility in decentralized finance (DeFi) and its post-Merge efficiency position it as a strategic asset. However, traders are advised to monitor key resistance levels and on-chain indicators like whale movements to gauge short-term volatility [1].

Sources:

[1] [Ethereum Nears $4,000 Amid Institutional Accumulation and Rising Trading Volume](https://en.coinotag.com/ethereum-nears-4000-amid-institutional-accumulation-and-rising-trading-volume/)

[2] [Ethereum (ETH) Price Nears $4000: Key Trading Levels](https://blockchain.news/flashnews/ethereum-eth-price-nears-4-000-key-trading-levels-and-market-outlook)

[3] [Ethereum Approaches $4000 as ETF Inflows Surge 30%](https://www.ainvest.com/news/ethereum-news-today-ethereum-approaches-4-000-etf-inflows-surge-30-5-000-target-2507/)