Ethereum News Today: Ethereum Surges 5.7% to Five-and-a-Half-Month High on Institutional Demand

Generated by AI AgentCoin World
Wednesday, Jul 16, 2025 2:01 am ET1min read
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Ethereum has been largely range-bound since 2021, with a 22% gain over the past month but still down 10% for the year. However, this trend may be changing due to the rise of stablecoins and the tokenization of real-world assets by Wall Street, which is driving up demand for ETH, according to Thomas Lee. This increased demand is expected to result in significant upsides for

Ethereum
, potentially pushing it beyond its 2021 all-time high of around $4,880 over the next couple of years.

Sean Farrell, Head of Digital Assets for Fundstrat, has observed that transaction activity on Ethereum is picking up. Additionally, Ethereum is set to benefit from a general rise in risk appetite, with Federal Reserve rate cuts expected later this year leading to increased liquidity. This liquidity boost is positive for risk assets such as cryptocurrency.

PayPal
co-founder and venture capitalist Peter Thiel has taken a 9.1% stake in Tom Lee’s BitMine as the Ethereum treasury momentum builds, according to an SEC filing.

Several analysts and investors have shared their optimistic views on Ethereum's future. ‘DeFi Dad’ predicted that the asset would top out at between $15,000 and $30,000 this cycle. ‘Income Sharks’ suggested that prices would reach $5,000 by September. ‘CryptoELITES’ opined that Ethereum would reach $10,000. ‘Merlijn The Trader’ noted a triple bounce from RSI, an intact macro channel, and months of “price coiling,” indicating a potential breakout.

Ethereum prices have climbed 5.7% to reach a five-and-a-half-month high of $3,140 during the Wednesday morning trading session. This is the highest ETH has traded since early February. Ethereum has surged almost 30% over the past fortnight, outperforming the wider crypto market after more than a year in the doldrums. However, it still has a long way to go and remains below the July 2024 price of $3,500. Institutions are driving this momentum, with Ether ETFs seeing more than $1 billion in inflows over the past week, and ETH treasury companies stacking more than $1.6 billion worth over the past month.