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Ethereum (ETH) closed July 2025 with a strong 56% price surge, reaching $3,862, marking its best monthly performance since July 2022. This rally was driven by sustained inflows into spot Ethereum ETFs, which recorded a 19-day net inflow streak totaling over $5.37 billion. Among these, BlackRock’s iShares Ethereum ETF reached $10 billion in assets within 251 days, reflecting heightened institutional interest in the asset class [1].
The inflows were further supported by strategic moves from major institutional players. In late July, FTX and Alameda Research staked 20,736 ETH, valued at approximately $79 million, indicating growing confidence in Ethereum’s staking yields. This followed a large-scale withdrawal from Bybit in early 2025, suggesting a shift from liquid to staked assets. Analysts view this as a positive sign for Ethereum’s long-term value and a potential mechanism to reduce short-term sell pressure [2].
On the retail and large-holder front, a significant whale transfer was reported on July 30, 2025, in which an entity acquired 39,651 ETH from
at an average price of $3,840.67 per ETH, totaling $152 million. Such accumulation by large market participants is often interpreted as a bullish signal, especially as traders anticipate potential regulatory or market-driven catalysts in the near future [3].Despite these strong investment flows, Ethereum’s network fundamentals remain subdued. Over the past six months, network activity and revenue have shown only modest increases—3% and 5%, respectively. Markus Thielen, CEO of 10x Research, highlighted that Ethereum’s annual revenue from transaction fees is currently at $764 million, significantly lower than the $1.5 billion it generated in November 2021 when the market cap was $300 billion. This suggests a disconnect between price action and protocol-level usage [4].
Looking forward, analysts have issued varied forecasts. One predicts a potential 11% price increase to $4,200 by August 2, driven by continued ETF inflows and DeFi activity [5]. Another analyst forecasts a move to $5,140 if ETH can maintain support above $3,300. Meanwhile, futures open interest reached a record $7.85 billion as of July 27, underscoring heightened speculative activity and liquidity [6].
The institutional demand for Ethereum has also extended to ETP (Exchange-Traded Products), with Ethereum-focused ETPs pulling in $2.2 billion in mid-July—nearly 30% of their all-time inflows. This has contributed to a decline in Bitcoin’s market dominance, further emphasizing Ethereum’s outperformance during the ETF-driven rally [7].
BlackRock has also taken a notable step by applying to stake an Ethereum spot ETF, with the U.S. Securities and Exchange Commission (SEC) acknowledging the request. If approved, this could open new avenues for institutional yield generation and further accelerate Ethereum’s adoption [8].
While the price and inflow dynamics present a bullish outlook, technical and on-chain indicators suggest caution. ETH remains below the $4,000 resistance level since December 2025, and a breakout would be necessary to confirm the strength of the current trend. Traders are closely monitoring key levels and positioning for potential volatility as the market moves into August.
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Source:
[1] AInvest, [https://www.ainvest.com/news/ethereum-news-today-ethereum-leads-crypto-inflows-etf-optimism-drives-11-2-billion-surge-2507/](https://www.ainvest.com/news/ethereum-news-today-ethereum-leads-crypto-inflows-etf-optimism-drives-11-2-billion-surge-2507/)
[2] Blockchain, [https://blockchain.news/flashnews/ftx-and-alameda-stake-20-736-eth-79m-major-ethereum-move-may-influence-crypto-market-sentiment](https://blockchain.news/flashnews/ftx-and-alameda-stake-20-736-eth-79m-major-ethereum-move-may-influence-crypto-market-sentiment)
[3] Blockchain, [https://blockchain.news/flashnews/whale-accumulates-39-651-eth-worth-152m-from-galaxy-digital-key-signals-for-ethereum-eth-traders](https://blockchain.news/flashnews/whale-accumulates-39-651-eth-worth-152m-from-galaxy-digital-key-signals-for-ethereum-eth-traders)
[4] CoinCentral, [https://coincentral.com/all-eyes-on-ethereum-price-prediction-for-next-week/](https://coincentral.com/all-eyes-on-ethereum-price-prediction-for-next-week/)
[5] CoinCentral, [https://coincentral.com/analyst-predicts-ethereum-surge-to-5140-if-3300-level-holds/](https://coincentral.com/analyst-predicts-ethereum-surge-to-5140-if-3300-level-holds/)
[6] Economic Times, [https://m.economictimes.com/crypto-news-today-live-29-jul-2025/liveblog/122959972.cms](https://m.economictimes.com/crypto-news-today-live-29-jul-2025/liveblog/122959972.cms)
[7] Seeking Alpha, [https://seekingalpha.com/article/4806030-vaneck-mid-july-2025-bitcoin-chaincheck](https://seekingalpha.com/article/4806030-vaneck-mid-july-2025-bitcoin-chaincheck)
[8] Instagram, [https://www.instagram.com/p/DMwwJQoR-YM/](https://www.instagram.com/p/DMwwJQoR-YM/)
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