Ethereum News Today: Ethereum Surges 24% on Institutional Interest, ETH-Based Tokens Gain Momentum

Ethereum (ETH) has maintained a firm hold above $3,700 in recent weeks, reinforcing its position as a critical pillar of the cryptocurrency market. This resilience has reignited bullish sentiment, with $3,600 identified as a key support level and $4,000 signaling a potential breakout threshold. A 24% surge in ETH’s price over the past week highlights growing institutional interest and historical patterns suggesting further short-term gains [1]. Analysts have speculated that a breach past $4,000 could propel ETH toward $10,000 by year-end, though such projections remain speculative and contingent on market dynamics [1].

The renewed strength in Ethereum has amplified attention for ETH-based tokens with real-world utility. Among these, Remittix has emerged as a notable project, leveraging Ethereum’s blockchain to facilitate instant cross-border fiat transfers. Its PayFi model eliminates intermediaries, enabling users to convert crypto into local currency and send it directly to bank accounts in over 50 countries [1]. This functionality aligns with Ethereum’s evolving role as the settlement layer for decentralized finance (DeFi), with analysts noting that tokens enhancing its utility could outperform broader market trends [1].

Ethereum’s ecosystem continues to expand, driven by a 50% increase in daily transactions since April 2025 [2]. This growth has spurred interest in projects like PEPETO, an ERC-20 meme coin that recently surpassed $5.5 million in presale contributions. Such developments underscore Ethereum’s versatility in supporting both utility-driven and entertainment-focused tokens [3]. Meanwhile, institutional validation is growing, as evidenced by BlackRock’s $4.33 billion investment in Ethereum and Bitcoin, signaling confidence in the network’s long-term potential [4].

Investors are increasingly prioritizing ETH-based projects that address real-world challenges, such as remittances and decentralized applications. As Ethereum stabilizes within a $3,600–$3,850 range [2], these tokens are gaining visibility as complementary assets. However, market volatility remains a factor, and forecasts like the $10,000 price target should be viewed as analyst projections rather than guaranteed outcomes [1]. The interplay between Ethereum’s performance and its ecosystem’s innovation reflects a maturing market where institutional and retail demand converge.

Source: [1] [Ethereum (ETH) Flexes Strength But Now It’s Time For These ETH-Based Tokens To Explode](https://www.cryptopolitan.com/ethereum-eth-flexes-strength-but-now-its-time-for-these-eth-based-tokens-to-explode/)

[2] [Ethereum ATH Above $4800? Here's How High It Will Go If ...](https://www.mitrade.com/au/insights/news/live-news/article-3-973465-20250721)

[3] [Ethereum-Based Meme Coin PEPETO Surpasses $5.5M ...](https://www.ainvest.com/news/ethereum-news-today-ethereum-based-meme-coin-pepeto-surpasses-5-5m-presale-milestone-growing-investor-interest-fuels-blockchain-integrated-entertainment-projects-2507/)

[4] [Ethereum News Today: BlackRock Invests $4.33 Billion in ...](https://www.ainvest.com/news/ethereum-news-today-blackrock-invests-4-33-billion-bitcoin-ethereum-crypto-market-reaches-4-trillion-2507/)