Ethereum News Today: Ethereum Surges 70% Since Mid-June Driven by Institutional Buying

Ethereum has experienced a significant surge, rising over 70% since mid-June, marking one of its most impressive rallies of the year. This upward momentum has been driven by strong buying interest, with the cryptocurrency recently reclaiming the critical $3,500 level. The uptrend has shown minimal retracement, indicating sustained confidence among investors.

One of the key factors contributing to this rally is the emergence of a significant premium on Ethereum traded through Coinbase. This platform is predominantly used by US institutions and high-net-worth individuals, suggesting that whales are aggressively buying Ethereum. This trend indicates renewed institutional interest in the cryptocurrency.

This renewed demand comes at a time when the broader crypto market is seeing clearer regulatory signals and increasing ETF flows into ETH-related products. As Ethereum continues to outperform and attract capital, traders are closely monitoring whether this momentum will extend to a broader altcoin rally or signal the start of a long-awaited altseason.

According to a recent report by CryptoQuant analyst Crypto Dan, Ethereum is seeing a notable increase in buying activity, particularly from US-based whales. The steady rise in accumulation, combined with a clear premium on Coinbase, suggests that high-net-worth players are positioning themselves ahead of further upside. Supporting this trend, daily inflows into Ethereum spot ETFs have surged to new all-time highs, reflecting growing institutional confidence in ETH as a core digital asset, especially following recent regulatory clarity in the US. With Ethereum now trading above $3,600, demand continues to outpace supply across multiple channels.

What makes this rally especially interesting is the current market environment. On-chain metrics show that Ethereum is not yet significantly overheated. Indicators such as NUPL (Net Unrealized Profit/Loss) suggest room for further expansion before excessive euphoria sets in. This creates favorable conditions for ETH to consolidate at higher levels before potentially breaking out again.

However, the coming weeks will be crucial. If strong inflows and bullish momentum persist into late Q3 2025, analysts warn it could trigger signs of overheating. While we are not there yet, repeated vertical moves without retracement should prompt caution. Investors may need to reassess risk levels if the pattern continues.

Ethereum is currently trading at $3,620 with two days left before the weekly candle closes, up more than 21% so far. This ongoing rally has pushed ETH firmly above the $2,852 resistance level — a crucial zone that capped price action for months. The move comes with high volume and follows a breakout above the 50-, 100-, and 200-week moving averages, now all reclaimed as support at $2,654, $2,664, and $2,430, respectively. With momentum accelerating and buyers clearly in control, market attention is shifting toward the next key resistance at $3,742, marked by the weekly wick high from December 2024.

Although the candle has not yet closed, its current size and structure highlight growing bullish strength. This surge builds on Ethereum’s 70% rally from mid-June, suggesting that an expansion phase may be underway. If ETH holds near or above current levels by Sunday, it would confirm one of the strongest weekly performances this year and potentially trigger further upside. Until then, traders are watching closely to assess whether this breakout can sustain its pace or if a near-term pullback is due after such an aggressive move.