Ethereum News Today: Ethereum Surges 5.53% to $3,141 as Institutional Money Flows In

Ethereum's price has surged past $3,150, marking its highest level since January. This bullish momentum is supported by both technical and fundamental factors, with a 74% probability that the rally will continue to $3,300 by the end of July. The price of Ethereum has increased by 5.53% in the past 24 hours, trading at approximately $3,141.

The bullish sentiment is driven by a wave of institutional money flowing into the asset. The U.S. spot Ether ETFs have recorded a net cash inflow of about $1.55 billion in the first two weeks of July alone. BlackRock’s ETHA has led the U.S. spot Ether ETFs in recording around $3.34 billion in net cash inflows since April. Additionally, corporations are increasingly looking to hold Ether in their treasuries, with SharpLink Gaming announcing a successful acquisition of 74,656 Ether between July 7 and 13, increasing its total treasury holdings to 280,706 ETH.

The Ethereum network remains the undisputed leader in the DeFi ecosystem, with about $74 billion in total value locked (TVL) and over $125 billion in stablecoins market cap. This strong position in the DeFi ecosystem further bolsters the bullish sentiment for Ethereum.

Technical analysis also supports the bullish outlook. Ethereum price has signaled macro bullish sentiment following the recent rebound above $3,000. The large-cap altcoin has broken out of a micro megaphone structure, which has a short-term target of around $3,500 next. The daily MACD line has surged above the zero line amid increasing bullish histograms, and the daily Relative Strength Index (RSI) has surged above the 70 level, indicating that buyers are in control.

Despite the bullish momentum, there is a slim chance, 3% odds, for a capitulation to $2,200, according to Polymarket traders. However, the overall sentiment remains strongly bullish, with analysts predicting that Ethereum could reach $5,000–$10,000 before the end of 2025. It is important to note that these are analyst forecasts and not guaranteed outcomes.

Ethereum's price has surged past $3,150, with betting markets indicating a 74% probability that the rally will continue to $3,300. This bullish momentum has been fueled by several factors, including a triangle breakout that has set its sights on $3,400. The stability of SOL near a key average has also flashed a bullish signal, while XRP bears are looking to reassert themselves. Ethereum's recovery run in July has accounted for a 41% rise so far, with the cryptocurrency regaining the $3,000 mark following the SharpLink acquisition and a $383 million ETF.

Analysts have noted that open interest and corporate treasury holdings are at multi-month highs, indicating strong potential for Ethereum to break above $4,000 in the coming weeks. This bullish sentiment is further supported by Ethereum's outpacing of Bitcoin in early trading on Wednesday, with Ethereum's price up by 6.2% to around $3,150, while Bitcoin's price rose only 1.6% to $119,000. Ethereum's price currently stands at $3,143.19, posting a 5.73% daily gain and a 20.86% rise over the past week. On Wednesday, July 16, Ethereum extended its rally, jumping 5.24% to break above $3,100, marking its highest level since February.