Ethereum News Today: Ethereum Surges Past $3,700 on Whale and Institutional Buying

Ethereum's price surged past $3,700 on August 5, 2025, driven by whale and institutional accumulation, according to multiple market reports. The cryptocurrency, which is the second-largest by market capitalization, has risen 148% from its year-to-date low, reflecting a broader recovery in the altcoin market [1]. On the same day, Ethereum briefly traded above $3,700, marking a 1.20% increase within the 24-hour period [2]. The move was attributed to strong buying pressure from large investors, who have been amassing ETH ahead of potential regulatory developments and macroeconomic shifts.

The rally occurred against a backdrop of robust on-chain activity. Daily Ethereum transactions reached 1.87 million, driven largely by stablecoin activity, particularly from Tether (USDT) and USD Coin (USDC), which accounted for over $50 billion in Ethereum-based transfers in the past week. This surge in activity is linked to the recent U.S. GENIUS Act, which has provided regulatory clarity for stablecoins, thereby boosting institutional confidence [4]. Despite this, Ethereum ETFs saw a net outflow of $465 million on August 5—marking a divergence between institutional on-chain buying and ETF redemptions [5].

Analysts have noted mixed signals in the market. While Ethereum has held above $3,700, it has faced resistance at $3,750, with the 61.8% Fibonacci retracement level acting as a key psychological barrier for buyers [6]. Some analysts forecast that the price could test the $5,000 level by December 2025 if buying pressure intensifies, based on technical patterns such as the ascending triangle formation [7]. However, others remain cautious, pointing to the recent bearish dominance in market orders and the potential for a short-term pullback if resistance levels are not decisively broken [8].

Ethereum’s price movement has also been influenced by broader macroeconomic uncertainty and the competitive landscape of blockchain networks. While Ethereum remains a dominant player in the DeFi and stablecoin ecosystem, it faces increasing competition from high-throughput alternatives like Solana. These dynamics are expected to play a crucial role in Ethereum’s ability to maintain its momentum in the coming months [4].

Overall, the recent surge past $3,700 highlights Ethereum’s resilience amid a volatile market environment. The combination of whale and institutional accumulation, rising on-chain activity, and regulatory developments has supported a sustained recovery in ETH’s price. However, the divergence between ETF outflows and strong on-chain metrics suggests that the market remains in a phase of adjustment. The next few weeks will be critical in determining whether Ethereum can maintain its upward trajectory or if external factors will lead to a period of consolidation.

Source:

[1] AInvest, https://www.ainvest.com/news/ethereum-price-rises-whale-institutional-accumulation-reach-3-800-2508/

[2] PANews, https://www.panewslab.com/en/articles/xrw3rvvt

[4] AInvest, https://www.ainvest.com/news/ethereum-news-today-ethereum-transactions-hit-1-87m-stablecoin-activity-etf-flows-drive-network-growth-2508/

[5] Mitrade, https://www.mitrade.com/insights/news/live-news/article-3-1014025-20250805

[6] CoinCentral, https://coincentral.com/ethereum-eth-price-prediction-struggles-to-hold-3700-despite-sharplink-gamings-300m-eth-buy/

[7] CoinCentral, https://coincentral.com/ethereum-price-prediction-eth-price-may-break-5k-by-december-but-remittixs-momentum-is-unmatched/

[8] Mitrade, https://www.mitrade.com/insights/news/live-news/article-3-1017281-20250806