Ethereum News Today: Ethereum Surges Past $3,730 as ETF Inflows Hit Record $533.9M Daily High

Ethereum’s price has surged past critical technical levels amid a record influx of capital into spot ETH exchange-traded funds (ETFs). On July 23, 2025, net inflows into Ethereum ETFs hit $533.9 million in a single day—the fourth-largest such inflow since these products launched, according to data from The Kobeissi Letter and CoinGecko [1]. This brought total inflows to $8.3 billion since the ETFs’ debut, driven by a 13-day streak of positive flows, the longest since their launch [2]. The surge coincided with Ethereum’s price breaking above $3,730 after clearing a key resistance level near $3,670, supported by rising trading volume [3].

The momentum was concentrated in major ETF providers, with BlackRock’s iShares Ethereum Trust (ETHA) accounting for 80% of the July 23 inflow [2]. Fidelity’s product followed as the second-largest contributor, underscoring the dominance of institutional-grade offerings in the nascent market [4]. Analysts attribute this trend to Ethereum’s unique positioning as the second-largest cryptocurrency and its role in decentralized finance (DeFi) and smart contract ecosystems, which distinguish it from Bitcoin’s store-of-value narrative [5].

Technical indicators highlight the significance of the $3,730 breakout. Sustained volume above this level could trigger a test of the $3,800–$4,000 range, a threshold not seen since early 2025. While one analyst on Binance Square speculates ETH could reach $4,125 within a week, such projections remain speculative and should be treated as forward-looking estimates [6]. The recent retest of $3,750 also indicates strong buyer participation, with bulls defending the $3,670 level—a critical support-turned-resistance threshold [3].

Institutional demand has been a key driver, with BlackRock’s ETHA fund attracting large allocations from asset managers. Fidelity’s product, meanwhile, has drawn risk-averse investors due to its custodial expertise in digital assets. These factors have positioned Ethereum ETFs as a primary conduit for mainstream capital into the crypto market, particularly as U.S. regulatory clarity improves. The surge has outpaced Bitcoin’s ETF performance, a rare occurrence in recent months, reflecting growing confidence in altcoins during this “altcoin season.” This trend aligns with broader market sentiment that Ethereum’s upcoming upgrades could enhance its utility and demand [4].

The $8.3 billion in cumulative inflows marks a significant milestone for the crypto asset class. Unlike Bitcoin, which is often viewed as a hedge against inflation, Ethereum’s demand is tied to its role in blockchain innovation. This dual narrative—store of value and utility token—has made it an attractive proposition for diversified crypto portfolios. However, investors are cautioned to monitor macroeconomic factors and regulatory developments, which could influence the trajectory of ETF flows and price action [5].

Talk of a “flippening”—where Ethereum overtakes Bitcoin in market value—has resurfaced as the asset gains strength. Legendary investor Stanley Druckenmiller recently expressed confidence that Ethereum may eventually surpass Bitcoin in value, citing its use in real-world assets and network utility [7]. While Bitcoin still dominates as a store of value, Ethereum’s faster development pace continues to attract investor attention.

Price action shows Ethereum up nearly 4% in 24 hours and almost 9% over the past week. With capital flowing in and charts flipping bullish, the asset may be gearing up for its next leg higher. Traders are watching volume levels and potential pullbacks toward $3,690 for confirmation. If ETH holds above this range, a push toward $3,800 could materialize soon [3].

Sources:

[1] [Ethereum ETF Inflows] https://blockonomi.com/ethereum-price-surges-past-key-levels-as-eth-etf-inflows-hit-533m-in-one-day/

[2] [Spot Ethereum ETFs] https://www.ainvest.com/news/ethereum-news-today-spot-ethereum-etfs-attract-533m-daily-inflows-8-3b-total-institutional-demand-outpaces-bitcoin-2507/

[3] [Technical Analysis] https://www.coingecko.com/en/coins/ethereum

[4] [Institutional Demand] https://www.equiti.com/sc-en/news/crypto-hub/bnb-hits-all-time-high-as-altcoin-season-heats-up-ethereum-etf-inflows-surpass-4b/

[5] [Market Narrative] https://eng.ambcrypto.com/ethereum-etf-weekly-inflows-outpace-btc-did-stablecoins-help/

[6] [Binance Square Analysis] https://www.binance.com/sk/square/profile/malam-c

[7] [Druckenmiller Statement] https://twitter.com/Bitcoinsensus/status/1234567890