Ethereum News Today: Ethereum Surges Past $3,600 as ETF Inflows Drive 21% Weekly Gain

Ethereum (ETH) has surged above the $3,600 threshold, marking a notable milestone for the cryptocurrency amid growing institutional interest and robust exchange-traded fund (ETF) inflows. As of early July 2025, ETH was trading at $3,698, reflecting an 8% increase over the past 12 months and a 21% weekly gain [2]. This upward movement follows a consolidation phase between $3,600 and $3,850 after a sharp rally that saw the asset rise more than 80% since mid-2025 [5]. A break above $3,600 has reignited bullish sentiment, with analysts emphasizing the critical importance of maintaining this support level to avoid a potential retest of the $3,200–$2,800 range [8].

The recent price action is attributed to heightened institutional participation. Major players, including SharpLink Gaming’s treasury, have allocated substantial ETH holdings, while over 23 whales or institutions accumulated 681,103 ETH ($2.57 billion) since July 1 [9]. These developments coincide with the one-year anniversary of U.S. Ethereum ETFs, which have maintained a continuous inflow streak [1]. However, the market faces a duality: while 450,000 ETH remain queued for staking—a sign of sustained network participation—approximately 350,000 ETH ($1.3 billion) are awaiting unstaking, potentially introducing selling pressure [9].

Technical analysts and market observers have offered mixed perspectives. Prominent investor Udi Wertheimer highlighted historical parallels to the 2024 rally, cautioning that large unstaking waves often precede price corrections [9]. Conversely, Coinbase’s Viktor Bunin suggested that unstaked ETH might be redirected into institutional treasuries for strategic diversification, which could stabilize the market long-term [9]. If the $3,600 level holds, some analysts forecast a potential climb toward $4,200–$4,400 [6].

The interplay between staking and unstaking dynamics remains pivotal. While the staking queue has grown significantly, with over 450,000 ETH pending staking in June alone [9], the Ether Machine—a new institutional treasury initiative—announced a $1.5 billion ETH acquisition in July, signaling continued demand [9]. Daily transaction volumes have also set 2025 records, reflecting Ethereum’s role as a backbone of the crypto market [5].

Despite bullish indicators, caution persists. Analysts warn of excessive speculative positions, such as $3.5 billion in leveraged longs near $3,600, which could amplify volatility [3]. The market’s near-term trajectory will likely hinge on the balance between inflows and outflows, as well as the ability to sustain key technical levels.

Sources: [1] [US Ethereum ETFs celebrate 1 year with bullish inflow streak](https://cointelegraph.com/news/us-ethereum-etfs-1-year-us-market) [2] [Ethereum News Today: Ethereum Up 70% in Month as...](https://www.ainvest.com/news/ethereum-news-today-ethereum-70-month-3-800-resistance-tested-time-2507/) [3] [Ethereum Nears $3600 as Whales Target $3.5B in...](https://www.ainvest.com/news/ethereum-news-today-ethereum-nears-3-600-whales-target-3-5b-leveraged-longs-2507/) [5] [Ethereum Adoption Accelerates As Daily Transactions Set...](https://www.tradingview.com/news/newsbtc:ea803c661094b:0-ethereum-adoption-accelerates-as-daily-transactions-set-2025-record/) [6] [ethereum demand explodes as institutions rush in!](https://www.binance.com/square/post/27346147221961) [8] [Ethereum Surges Past $3700: What Happens Next?](https://cryptoticker.io/en/ethereum-surges-past-dollar3700-what-happens-next/) [9] [Ethereum Faces $1.3 Billion Unstaking Wave](https://cryptonews.net/news/ethereum/31298810/) [10] [Ethereum (ETH) Flexes Strength But Now It's Time For...](https://www.mitrade.com/insights/news/live-news/article-3-980877-20250723)