Ethereum News Today: Ethereum Surges 54.83% in July Driven by Whale Accumulation and ETF Hopes

Ethereum concluded July with a significant price surge, climbing 54.83% for the month and marking its strongest monthly performance of 2025. This outperformed all other major cryptocurrencies and re-established ETH as a leading momentum asset within the crypto market. The rally was driven by whale accumulation, increased institutional interest, and growing speculation around the potential approval of an Ethereum spot exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC). The renewed activity has reignited enthusiasm among both retail and institutional investors [1].

On-chain data indicated that large Ethereum wallets accumulated hundreds of millions of dollars worth of ETH throughout July, reflecting long-term confidence in the asset. Meanwhile, the anticipation of a potential ETF approval created a bullish environment, similar to the lead-up to the Bitcoin ETF launch. Additionally, staking demand remained robust, with investors continuing to lock up ETH for attractive yields, which helped reduce the token’s circulating supply [1].

The surge was accompanied by rising trading volume and strength, pushing Ethereum toward new highs in 2025. However, the sustainability of this momentum remains uncertain. Analysts highlight several key factors that could influence Ethereum’s performance in August. Regulatory developments, particularly around ETF approvals and broader crypto frameworks, could trigger new inflows. Broader macroeconomic trends, including interest rate movements and inflation data, may also affect investor sentiment and asset allocation [1].

Technical indicators suggest that resistance levels around $3,500 and $3,800 could test Ethereum’s upward trajectory. If ETH manages to hold above these levels and maintain strong institutional demand, it could potentially deliver another strong month. Nevertheless, investors are advised to remain cautious, as aggressive price movements are often followed by increased volatility [1].

Source: [1] Ethereum Soars 54.83% in July — Best Month of 2025 (https://coinmarketcap.com/community/articles/688b237db3dcf06b0a5ff984/)