Ethereum News Today: Ethereum Surges Past $3,700 on Institutional Accumulation and Retail Interest

Ethereum’s price surged past $3,700 in mid-July 2025, marking a significant milestone for the second-largest cryptocurrency by market capitalization. The upward movement followed a rapid climb from the $2,800 range, fueled by institutional accumulation and renewed retail interest. On-chain data revealed over 466,000 ETH—valued at more than $1 billion—transferred to newly active wallets within two weeks, signaling strategic buying by high-net-worth investors and institutions [1]. Platforms like FalconX, Galaxy Digital, and Kraken facilitated large-scale transfers, with FalconX alone moving 260,000 ETH to two key addresses, suggesting coordinated long-term positioning [1].

The rally, however, triggered mixed reactions. While Ethereum briefly stabilized above $3,700, subsequent volatility saw the price dip below the level by July 22, with a 1.95% decline over 24 hours [2]. Analysts observed that the $3,700 threshold had become a critical psychological marker, with its repeated testing highlighting the asset’s vulnerability to short-term corrections. Technical indicators showed Ethereum entering overbought territory, as measured by the Relative Strength Index (RSI), but the price remained resilient amid consolidation [1].

Economist Peter Schiff, a long-time critic of Ethereum, urged investors to swap ETH for Bitcoin as the altcoin surged past $3,700. He argued that Bitcoin’s status as a “digital gold” reserve asset would outperform Ethereum’s utility-driven growth model [3]. Conversely, some market participants viewed the $3,700 level as a potential catalyst for further gains. Binance analysts highlighted Ethereum’s dominance in the altcoin market, suggesting a breakout above $4,000 could reignite broader bullish sentiment [4].

The institutional inflow, coupled with Ethereum’s post-merge upgrades—transitioning to a proof-of-stake consensus—has bolstered confidence in the asset’s scalability and energy efficiency [1]. These improvements have reinforced Ethereum’s position against emerging layer-1 blockchains, with analysts noting its continued role as a cornerstone of diversified crypto portfolios [1]. High trading volumes during the rally also indicated genuine demand, contrasting with speculative trading patterns seen in previous cycles [1].

Despite the optimism, risks remain. Whale selling pressure has decreased by 94% due to large-scale accumulation, but sudden regulatory shifts or macroeconomic headwinds could disrupt the momentum [2]. Additionally, Ethereum’s on-chain activity suggests a mix of short-term traders and long-term holders, with mixed signals complicating near-term forecasts [1].

Market observers are now watching for follow-through strength. If Ethereum can sustain above $3,700 and break past $4,000, it may attract further capital inflows, particularly if regulatory developments like Ethereum-based ETF approvals materialize. For now, the asset’s trajectory remains a barometer for institutional adoption and macroeconomic sentiment in the crypto space.

Sources:

[1] [Ethereum Sees Significant Institutional Accumulation Amid Price Consolidation and Market Optimism July 24, 2025] (https://en.coinotag.com/ethereum-sees-significant-institutional-accumulation-amid-price-consolidation-and-market-optimism/)

[2] [Whales continued buying ETH through OTC and open] (https://www.mitrade.com/au/insights/news/live-news/article-3-979841-20250723)

[3] [Ethereum Price Prediction: ETH Price in 2025,2026,2027] (https://coindcx.com/blog/price-predictions/ethereum-price-weekly/)

[4] [Ethereum (ETH) Flexes Strength But Now It's Time For ...] (https://www.binance.com/en/square/post/27334057446113)