Ethereum News Today: Ethereum Surges 60% in July Driven by Fresh Capital and Strong TVL Growth

Ethereum's price movements in late July 2025 demonstrated a strong correlation with Fibonacci retracement levels, particularly the 0.382 and 0.618 zones. These technical levels have historically served as key support and resistance areas, guiding institutional and on-chain activity within the $2,400–$2,600 range [1]. The alignment with these levels became increasingly evident as Ethereum approached $3,269.81 on July 23, a price that coincided with the 0.618 retracement level, a critical threshold for potential market corrections or bullish continuation [1].

The broader cryptocurrency market showed signs of late-cycle dynamics, with Ethereum and Bitcoin attracting fresh capital rather than experiencing internal reallocation [2]. This shift was supported by strong on-chain metrics, including a 70% increase in Total Value Locked (TVL) across Ethereum’s DeFi protocols, which rose from $49 billion to $84.6 billion between April and July [2]. Institutional interest also intensified, particularly around the $2,400–$2,600 range, with aggressive buying observed as market participants positioned for potential volatility and cycle shifts [1].

Exchange reserves provided further confirmation of tightening supply conditions. Ethereum holdings on centralized exchanges decreased by one million coins in the month leading up to July 25, indicating reduced selling pressure and growing demand [2]. Simultaneously, staking activity hit a record high, with 35.5 million ETH locked in liquid staking protocols, reinforcing long-term bullish sentiment [2]. Vitalik Buterin and Ethereum’s core developers continue to play a central role in maintaining the protocol’s resilience, ensuring timely upgrades and strategic improvements [1].

As the price tested the $4,000 resistance level, traders closely watched for signs of consolidation or breakdown [3]. A rejection at this level would likely lead to a retracement toward $3,571, corresponding to the 23.6% Fibonacci level [3]. Technical analysts highlighted that similar accumulation patterns observed during Bitcoin's 2020 breakout cycle often preceded major price surges, suggesting Ethereum could follow a similar trajectory if it successfully consolidates above key retracement thresholds [3].

The convergence of historical price patterns, on-chain activity, and institutional positioning underscores Ethereum’s resilience during market consolidation. Traders and investors are increasingly aligning strategies with these technical levels, which continue to influence liquidity dynamics and decision-making across the ecosystem.

[1] AInvest, Ethereum News Today

https://www.ainvest.com/news/ethereum-news-today-ethereum-price-hits-3-368-3-99-daily-gain-treasury-activity-mirrors-bitcoin-2020-breakout-2507/

[2] Yellow.com, Ethereum Surges 60% In July Rally Driven By Fresh Capital Not Bitcoin Exodus

https://yellow.com/news/ethereum-surges-60-in-july-rally-driven-by-fresh-capital-not-bitcoin-exodus

[3] HOKANEWS.COM, World Liberty Buys Big: Could $4000 Become Ethereum's...

https://www.hokanews.com/2025/07/world-liberty-buys-big-could-4000.html