Ethereum News Today: Ethereum Surges 64.87 in 90 Days Amid Uncertain Treasury Links

Ethereum’s recent price surge has sparked renewed debate over the accuracy of forecasts linking its market performance to U.S. Treasury dynamics. The cryptocurrency has seen a 64.87% rise over the past 90 days, reaching $4,203.25 with a market cap of $507.37 billion and a 12.84% dominance in the crypto market. Amid growing speculation about potential treasury-driven shifts in market value, including a reportedly claimed prediction by Ethereum co-founder Joe Lubin, no verified primary sources have confirmed such a statement, raising concerns about misattribution [1].

The notion of a so-called “ETH flippening”—where Ethereum could surpass Bitcoin in market value—has been attributed to potential interest from treasury firms. However, the Coincu research team emphasizes that Ethereum’s recent gains have been driven more by sustained trader interest and technological improvements in its infrastructure than by any significant Treasury-driven initiatives [1]. Additionally, current institutional filings show no major movement toward Ethereum treasury allocations on par with historical Bitcoin investments by firms like MicroStrategy [1].

The Bitget research team has projected a potential 2026 price target of $6,323.86 for Ethereum, based on a 5% annual growth rate [2]. Yet this forecast, while optimistic, is speculative and not supported by current macroeconomic trends. Recent studies of U.S. Treasury markets have also revealed that while macroeconomic announcements can influence Treasury returns, these effects are not consistently stable over time, suggesting the link between Treasury behavior and crypto price movements may be less direct than some analysts imply [9].

Complicating the picture further, U.S. Treasury yields dipped to 3.8% in July 2025, reflecting market concerns over a potential recession. At the same time, equity markets have priced in a “soft landing” scenario, creating a conflicting backdrop for predicting Ethereum’s future direction [6]. Analysts warn that the complex interplay of factors influencing the macroeconomic landscape makes it difficult to isolate the impact of Treasury performance on crypto prices.

Moreover, the broader market for companies involved in Ethereum treasury strategies has shown extreme price and volume volatility, further challenging the reliability of using macroeconomic indicators for forecasting [7]. These fluctuations suggest that the relationship between Ethereum and Treasury markets—if any—remains underdeveloped and possibly unreliable as a predictive tool.

Amid these uncertainties, Ethereum’s growth also aligns with ongoing discussions on digital assets’ role in broader financial systems. For example, structural reforms aimed at addressing carbon emissions have been noted as a potential indirect influence on investment flows into crypto assets [8]. However, these factors remain speculative and do not currently provide a solid foundation for price predictions.

In conclusion, while Ethereum’s impressive price performance has led to renewed interest in its potential link to Treasury market dynamics, the validity of such connections remains unproven. Analysts caution that the crypto market operates under a unique set of conditions and investor behaviors, making traditional economic indicators less reliable as predictive tools. As such, the market should approach forecasts linking Ethereum to Treasury performance with a degree of skepticism [2][6][7][8][9].