Ethereum News Today: Ethereum Surges 28% Weekly Driven by ETF Inflows and Institutional Demand

Ethereum (ETH) continued its upward trend in early August 2025, reaching an intraday high of $4,629 per token on Deribit on August 2. This milestone marked a key development for the second-largest cryptocurrency, which has seen consistent demand from both retail and institutional investors. Over the past week, ether gained nearly 28%, and over the preceding 24 hours, it climbed by 8% against the U.S. dollar [1].

The rally has been fueled by a combination of factors, including strong inflows into Ethereum-based exchange-traded funds (ETFs), strategic accumulation by large investors—often referred to as "whales"—and expanding institutional adoption. BlackRock and other major firms have significantly increased their ETH holdings, reinforcing the growing perception of Ethereum as a legitimate addition to institutional portfolios [1].

According to on-chain data, Ethereum has rebounded sharply from a low of 0.019 BTC in April 2025 to 0.038 BTC by the end of July 2025. This recovery has been driven in part by renewed interest in Ethereum’s core use cases, such as decentralized finance (DeFi) and non-fungible tokens (NFTs), which had previously faced competition from other blockchains like Solana [1].

Market sentiment remains overwhelmingly bullish, with Ethereum now less than 7% away from its 2021 record high of $4,878. The Ethereum Fear and Greed Index has hit an extreme greed score of 83, reflecting strong investor optimism across multiple metrics, including price, volume, volatility, and impulse indicators [1].

Analysts and traders on social platforms like X are increasingly vocal in their predictions. One user highlighted that Ethereum ETFs had attracted $5.39 billion in July, attributing the inflow to the Securities and Exchange Commission’s approval of in-kind creation and redemption mechanisms. Another noted that Ethereum could reach $6,000–$7,000 faster than many expect. While these forecasts remain speculative, they reflect a broader belief in Ethereum’s potential to continue its upward trajectory [1].

Despite the optimism, some analysts urge caution. Noting Ethereum’s historical role as a complementary asset to Bitcoin, certain market observers suggest that ETH may be used as a vehicle for positioning in Bitcoin rather than as a standalone investment. However, given the recent strength in ETF demand and institutional buying, Ethereum appears to be carving out its own distinct growth narrative [1].

The market is now watching closely for signs of sustainability in the current rally. If Ethereum can maintain control of key resistance levels, it may be on track to reclaim its all-time high and potentially surpass it. With bullish indicators across multiple dimensions, the path toward $6,000 and beyond is increasingly within reach for ETH [1].

Source:

[1] Bitcoin.com, "Ethereum Taps $4600 as Bulls Set Sights on $6K" (https://news.bitcoin.com/ethereum-taps-4600-as-bulls-set-sights-on-6k/)