Ethereum News Today: Ethereum Surges 2.84% to $4300 Amid ETF Inflows and Whale Buying

Ethereum’s price surged past $4,300 on major exchanges, marking a 2.84% gain in a single day. This rally coincided with a broader market upturn, as U.S. equity indices rose between 2% and 3% following market open [1]. The price movement has reignited investor interest in Ethereum and its related assets, aligning with a general improvement in risk appetite across financial and crypto markets [2].

The increase brings Ethereum within 15% of its historical peak of $4,878, last seen in 2025 [3]. The uptrend has been fueled by ETF inflows, a short squeeze, and growing institutional and whale participation. Whale accumulation since July 10 has been particularly notable, with over 1.1 million ETH purchased for a total of $4.78 billion at an average price of $3,584 [4].

Ethereum’s performance has not occurred in isolation. The broader crypto market has also seen a significant uplift, with the total market cap surpassing $4.139 trillion. Bitcoin, for instance, has crossed above $122,000, while altcoins like Bitcoin Cash and BNB have also reached new highs [5]. Analysts attribute the broader rally to Ethereum’s leading role in the market and its growing adoption in institutional and staking environments [6].

Binance, one of the leading exchanges, confirmed the price milestone in its official market post, noting that Ethereum had crossed the $4,300 threshold with a 2.84% 24-hour increase. The timing coincides with a rise in U.S. stocks, suggesting a synchronized positive shift in market sentiment [2]. While the Ethereum Foundation has not issued any statements to explain the movement, historical patterns indicate that such price thresholds often trigger increased market participation [7].

Some analysts suggest that if Ethereum can maintain its position above key support levels, it may see further gains. A few have even projected a potential rise to $7,000 if the current bullish momentum continues [6]. However, the market remains subject to volatility, and further gains will depend on sustained institutional demand and continued buy-side pressure.

The recent performance of Ethereum reflects a broader shift in investor sentiment, with renewed optimism evident across both traditional and digital asset markets. As Ethereum continues to push toward its all-time high, it remains a focal point for both retail and institutional investors [1][4].

Source:

[1] title1: Ethereum Hits $4244 as ETF Inflows and Short Squeezes Drive 28% Rally

url1: https://www.ainvest.com/news/ethereum-news-today-ethereum-hits-4-244-etf-inflows-short-squeezes-drive-28-rally-2508/

[2] title2: Massive ETH Whale Accumulation Since July 10: 1.1M ETH, $4.78B Bought at $3,584 Avg as ETH Price Surges 65% to $4,300

url2: https://blockchain.news/flashnews/massive-eth-whale-accumulation-since-july-10-1-1m-eth-4-78b-bought-at-3-584-avg-as-eth-price-surges-65-to-4-300

[3] title3: Massive ETH Whale Accumulation Since July 10: 1.1M ETH, $4.78B Bought at $3,584 Avg as ETH Price Surges 65% to $4,300

[4] title4: Crypto Market Rallies, Total Market Cap Surpasses $4.139 Trillion

url4: https://www.ainvest.com/news/crypto-market-rallies-total-market-cap-surpasses-4-139-trillion-2508/

[5] title5: Chainlink Price: LINK Eyes New Leg Up Amid ICE Collaboration

url5: https://coinjournal.net/news/chainlink-price-link-eyes-new-leg-up-amid-ice-collaboration/

[6] title6: Layer 2: News & Updates - CryptoDnes EN

url6: https://cryptodnes.bg/en/tag/layer-2/

[7] title7: Latest TRENDING News, Opinions and Feed Today

url7: https://www.binance.com/en/square/hashtag/TRENDING