Ethereum News Today: Ethereum Surges 20% to $3,431 Driven by Institutional Buying

Ethereum (ETH) has emerged as the standout performer in the cryptocurrency market this July, surging over 20% in just a few days and surpassing the significant $3,431 mark. This impressive rally has been driven by a combination of strong institutional buying, ETF investments, and market enthusiasm. Technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) suggest further upward momentum, with multiple analysts estimating that Ethereum could reach $3,400 or even $4,000 in the coming weeks if the current bullish sentiment persists.

Ethereum's market capitalization has soared, exceeding a quarter of a trillion dollars, positioning it among the top global corporations and solidifying its status as a major economic and technological force. This price surge has coincided with a significant shift in capital from Bitcoin, which is currently trading sideways, into Ethereum and other altcoins. This movement has sparked speculation that the market is entering the early stages of an altcoin season, where investors seek higher returns by diversifying their portfolios.

The Altcoin Season Index has shown a swift rebound after hitting a low last month, indicating a period of faster returns among non-Bitcoin assets. This trend is marked by increased trading volumes and a growing interest in altcoins as investors look for opportunities beyond Bitcoin. Ozak AI (OZ) has emerged as a notable altcoin pick during this period. The platform, which integrates artificial intelligence and blockchain-based analytics, has garnered significant attention from both retail and institutional investors.

In the fourth round of its presale, the price of Ozak AI tokens is set at $0.005. The project has already raised over $1.36 million, with more than 33.83 million tokens sold. Ozak AI's appeal lies in its predictive analytics capabilities, decentralized infrastructure, practical utility, and a clear roadmap. The platform's Ozak Stream Network (OSN) enables real-time information streaming, while its customizable Prediction Agents (PAs) generate market-actionable insights. The use of DePIN (Decentralized Physical Infrastructure Networks) ensures security, scalability, and transparency of data.

Ozak AI stands out for its practical tools that are usable by both common people and professionals, unlike many speculative tokens that lack real-world utility. The project's roadmap includes the release of a customization prediction agent dashboard in Q3 2025 and the implementation of its streaming network and DePIN modules in Q4 2025. Additionally, a $1 million giveaway is another factor attracting attention to the project. The quoted listing price of Ozak AI is $0.05, with projections indicating a steady rise to $1 in a favorable market.

The surge in Ethereum's price above the $3,400 mark has reignited optimism about altcoins, with many believing that this could be the start of the 2025 altseason. As blue-chip money flows into innovative projects, altcoins like Ozak AI are gaining significant interest due to their pragmatic functionality, technological advantages, and potential for growth. While Ethereum remains a dominant asset, investors seeking outsized gains may turn to Ozak AI and other altcoin choices. As always, diligence and risk management are crucial when entering such volatile markets.