Ethereum News Today: Ethereum Surges Toward $5000 on Record ETF Inflows and Strong Technicals

Ethereum (ETH) is on a clear upward trajectory as it approaches the $5,000 level, driven by robust institutional demand and favorable technical indicators [1]. The recent record-breaking inflow into U.S. spot ETH ETFs, including a single-day influx of $1.01 billion, highlights growing institutional confidence in the asset [1]. BlackRock’s ETHA ETF alone accounted for over 63% of these inflows, signaling a significant shift in market dynamics. Ethereum’s bullish momentum is further reinforced by a near-year-high MACD and an RSI above 60, both of which indicate strong buying pressure and potential for continued upward movement [1]. Analysts have pointed to a recurring bullish pattern in ETH’s price action, with some suggesting the asset could reach $5,000 or even $10,000 by 2026, fueled by broader adoption and Layer 2 infrastructure improvements such as Danksharding [1].

Meanwhile, XRP is also showing strong momentum, with a price target of $10 in 2025 attracting investor attention [4]. The resolution of the Ripple-SEC legal case has brought regulatory clarity, which is boosting confidence and opening the door for greater institutional participation [4]. Additionally, the expanding use of XRP in cross-border settlements via the stablecoin RLUSD is creating new demand channels. Analysts have hinted at even higher long-term potential, with some suggesting a $50 price target during a strong bull market [4]. XRP’s current price above $3 reflects optimism in its role as a scalable solution for global payments.

While Ethereum and XRP remain dominant, a new altcoin—referred to in some reports as MAGACOIN FINANCE—is capturing market attention [2]. Early-stage investors are drawn to its limited supply and potential for substantial returns in the 2025 bull market. Some reports suggest early adopters could see an 88x return if the broader market trends remain favorable [2]. Despite being in its early phases, the project has already raised over $2 million in initial funding and is being positioned as a high-growth opportunity for those seeking exposure to emerging crypto assets.

However, not all developments are uniformly bullish. In late July, Ethereum dipped below $4,500 after SharpLink Gaming reported a $103 million quarterly loss [3], raising questions about the sustainability of recent gains. Nonetheless, the broader trend remains upward, with analysts reaffirming $5,000 as a realistic target if current momentum is maintained [1]. Additionally, the “7 Siblings,” a notable Ethereum whale group, recently liquidated $88.2 million worth of ETH, sparking speculation about near-term profit-taking. However, the lack of selling pressure from long-term holders suggests that the current price action is largely driven by short-term traders rather than a fundamental shift in sentiment [1].

In summary, Ethereum and XRP are both positioned for further growth, with strong institutional inflows, favorable technical indicators, and positive regulatory developments creating a supportive environment. While Ethereum aims for $5,000 and XRP eyes $10, emerging altcoins like MAGACOIN FINANCE are drawing attention for their speculative potential. Investors are closely watching how these developments unfold as the market approaches key price levels in the coming months.

Source:

[1] Brave New Coin, [https://bravenewcoin.com/insights/ethereum-eth-price-prediction-record-breaking-institutional-inflows-could-ignite-10k-breakout](https://bravenewcoin.com/insights/ethereum-eth-price-prediction-record-breaking-institutional-inflows-could-ignite-10k-breakout)

[2] CoinCentral, [https://coincentral.com/best-crypto-to-buy-now-ethereum-to-10k-this-erc-20-presale-is-poised-to-explode/](https://coincentral.com/best-crypto-to-buy-now-ethereum-to-10k-this-erc-20-presale-is-poised-to-explode/)

[3] Brave New Coin, [https://bravenewcoin.com/insights/ethereum-eth-price-today-ethereum-dips-below-4-5k-as-sharplink-reports-103m-quarterly-loss](https://bravenewcoin.com/insights/ethereum-eth-price-today-ethereum-dips-below-4-5k-as-sharplink-reports-103m-quarterly-loss)

[4] Bitcoin Insider, [https://www.bitcoininsider.org/article/283184/xrps-bullish-run-eyes-4-milestone-while-ethereum-moves-toward-5k-and-cold-wallets](https://www.bitcoininsider.org/article/283184/xrps-bullish-run-eyes-4-milestone-while-ethereum-moves-toward-5k-and-cold-wallets)