Ethereum News Today: Ethereum Surges 57.8% to $3700 on Record ETF Inflows

Ethereum (ETH) has surged past $3,700 for the first time since mid-2025, marking a critical turning point for the second-largest cryptocurrency by market capitalization. The rally, driven by sustained institutional accumulation and record inflows into U.S. spot ETFs, has seen Ethereum climb 57.8% from earlier in the year. Over $2.57 billion in institutional purchases were reported in July alone, while BlackRock’s Ethereum ETF (ETHA) surpassed $10 billion in assets under management, becoming the third-fastest ETF to reach this milestone [1][4]. Whale activity also intensified, with major players acquiring over $240 million in ETH as the price consolidated above $3,700 [9].

The recent price movement followed a 160% surge in ETH’s value over three months [6], though the momentum triggered overbought conditions, leading to a 7% correction from the July peak. Despite this, Ethereum reclaimed the $3,700 level, supported by sustained ETF inflows that totaled $533 million on July 22 and exceeded $8.32 billion cumulatively [8]. Technical indicators highlight a compression zone between $3,600 and $3,850, with key resistance at $3,800 and support levels at $3,470 and $3,220 [5]. A failed breakout above $3,800 has shifted focus to these critical support levels, while the Ethereum validator queue spiked to 633,000 ETH—the highest in 18 months—suggesting profit-taking after the prolonged uptrend [8].

Regulatory developments have further bolstered sentiment, including President Trump’s signing of the GENIUS bill and the House’s passage of the Crypto Market Structure CLARITY bill [8]. Analysts note that Ethereum’s dominance index has risen to 11.52%, but the asset’s trajectory will depend on continued ETF inflows and validator dynamics [2]. The market’s maturation is evident as BlackRock’s ETHA becomes a cornerstone of institutional portfolios and corporate treasuries stabilize, aligning Ethereum’s future with broader demand and regulatory clarity in the coming months.

Sources: [1] [Ethereum Surges 3-700 in Institutional Accumulation](https://www.ainvest.com/news/ethereum-news-today-ethereum-surges-3-700-institutional-accumulation-retail-interest-2507) [2] [Ethereum (ETH) Flexes Strength But Now It's Time For](https://www.mitrade.com/insights/news/live-news/article-3-980877-20250723) [4] [BlackRock ETHA Hits $10B: Ethereum ETF Becomes 3rd](https://www.cryptonite.ae/global/blackrock-etha-ethereum-etf-10-billion-aum-historic-growth) [5] [Ethereum Price Eyes 5200 USD](https://www.tradingnews.com/news/ethereum-price-eyes-5200-usd) [6] [Ethereum Demand Shock Could Significantly Impact ETH](https://www.crowdfundinsider.com/2025/07/246668-ethereum-demand-shock-could-significantly-impact-eth-price-movements-analysis) [8] [Ethereum Price Forecast: ETH Falters Before $3,800 Resistance](https://www.fxstreet.com/cryptocurrencies/news/ethereum-price-forecast-eth-falters-before-3-800-as-validator-queue-spikes-to-eighteen-month-high-202507232250) [9] [Ethereum Whale Activity Spikes as ETH Holds $3700](https://thecurrencyanalytics.com/altcoins/whales-are-back-to-buying-eth-as-price-consolidates-above-3700-186848)