Ethereum News Today: Ethereum Surges 2.73% to $3,430, Breaking $3,000 Mark for First Time in Four Months

Ethereum (ETH) has reignited optimism amongst market participants after surpassing the $3,000 price mark for the first time in four months. This development signals renewed interest in the asset and highlights the potential for continuous price evolution. The leading altcoin initially traded at $3,038 on July 11, but failed to sustain momentum before the close of the day. A similar pattern was witnessed on June 13, as ETH traded at an opening price of $3,016 before taking a mild dip. On July 14, ETH bulls sustained prices above the $3,000 price mark, with an intraday high of $3,079, and a closing price of $3,013.

Notably, Ether has been trading below $3,000 since February 2, thus making the new development a remarkable milestone. Rising interest in Ethereum ETFs, amongst other macroeconomic factors, can be credited for the asset’s recent rally. However, the long-term outlook remains unclear as market players appear to be moving with caution. At report time, Ether is trading at $3,430, with a 24-hour gain of 2.73%. Despite taking a hit and retreating to previous support levels, Ether’s current metrics remain attractive at this time.

Ether bulls have remarkably secured 90% worth of gains over the last 90 days, making it the highest gainer within the top 10 category. In the previous 30 days, Ether has generated gains of over 17%, positioning it as the second-highest gain, behind Ripple’s XRP. With multiple bullish metrics validating increased demand for the asset, it remains to be seen where Ether is heading in the near term.

Ethereum's native cryptocurrency, Ether, has surged past the $3,300 mark for the first time since February, marking a significant milestone for the digital asset. On July 14, Ether bulls maintained prices above the $3,000 level, reaching an intraday high of $3,079 and closing at $3,013. This upward momentum has been sustained, with Ether crossing the $3,280 mark and approaching a four-year channel breakout, which is less than 10% away. The recent surge in Ether's price is driven by record inflows into spot Ether ETFs, which reached an all-time high of $717 million on July 16. This influx of capital has fueled Ether's rally, pushing it closer to its previous all-time high and potentially setting the stage for new peaks.

The cryptocurrency market has seen a resurgence in recent months, with Ether leading the charge among altcoins. According to analysts' forecasts, Ether's rally could lead to a new all-time high this year, driven by factors such as spot ETF inflows and rising staking yields. The recent price action has placed Ether less than 10% away from breaking out of a four-year channel, indicating a strong bullish sentiment among investors. The surge in Ether's price has also been accompanied by a rebound in Bitcoin, as investors capitalize on market downturns to accumulate more digital assets.

Ether's price prediction for July 2025 shows the cryptocurrency breaking above $3,400 and eyeing the $3,600–$3,700 zone. This optimistic outlook is fueled by the continued inflows into spot ETFs and the increasing demand for staking yields. As Ether continues to gain traction and attract more investors, it is poised to challenge its previous all-time high and potentially set new records. The recent price action and market dynamics suggest that Ether is well on its way to achieving new milestones, with bulls optimistic about the cryptocurrency's future prospects.