Ethereum News Today: Ethereum Surpasses $3,700 as On-Chain Activity and Staking Demand Rise

Ethereum (ETH) has once again surpassed the $3,700 level, drawing attention from both retail and institutional investors as the network experiences a surge in activity. According to HTX market data, Ethereum reached $3,700.23 on August 7, with a 24-hour price increase of 0.94% [1]. The recent price recovery follows a period of consolidation, during which whale and institutional buying helped to support the price, even as Ethereum-focused ETFs recorded a $465 million outflow on August 5, 2025 [3]. Analysts point to robust on-chain metrics, including a record number of transactions and growing demand for staking and liquid staking derivatives, as key drivers of the price resilience [1].

Ethereum transactions hit a monthly high of $238 billion, with stablecoin activity playing a central role in the increase. USDT and USDC collectively accounted for over $50 billion in Ethereum-based transactions during the past week, signaling renewed institutional interest and reinforcing the platform’s role in decentralized finance (DeFi) and tokenized assets [1]. The recent U.S. GENIUS Act, which offers regulatory clarity for stablecoins, is considered a contributing factor to this on-chain growth [1].

Despite Ethereum’s positive fundamentals, it faces stiff competition from high-throughput blockchains such as Solana. While the price has remained resilient, the divergence between ETF outflows and strong on-chain growth highlights the market’s ongoing period of adjustment [3]. Analysts caution that the sustainability of current momentum depends on continued whale and institutional support, as well as favorable regulatory and macroeconomic developments [4].

The broader crypto market shows signs of consolidation, with both Ethereum and Bitcoin facing uncertainty ahead of key macroeconomic events. Ethereum’s liquidation price is currently at $3,822, meaning a decline below $3,700 could trigger significant selling pressure [4]. However, some technical indicators suggest a potential bullish breakout, with analysts forecasting a price surge to $5,140 by year-end [5].

Ethereum’s recent price movement and transactional activity reflect the growing integration of blockchain technology with traditional financial systems. The approval of multiple Ethereum ETFs and the maturation of the network’s financial ecosystem are viewed as key catalysts for the current upswing [5]. Nevertheless, the market must navigate short-term volatility and regulatory uncertainty before Ethereum can solidify its position as the leading smart contract platform.

Source:

[1] https://m.economictimes.com/crypto-news-today-live-06-aug-2025/liveblog/123126163.cms

[2] https://m.economictimes.com/crypto-news-today-live-05-aug-2025/liveblog/123103087.cms

[3] https://www.fxleaders.com/news/2025/08/06/daily-crypto-signals-bitcoin-holds-above-113000-ethereum-proposes-fee-market-overhaul-amid-record-etf-outflows/

[4] https://www.mitrade.com/insights/news/live-news/article-3-1014025-20250805

[5] https://coincentral.com/ethereum-price-prediction-eth-price-may-break-5k-by-december-but-remittixs-momentum-is-unmatched/

[1] https://www.theblockbeats.info/en/flash/306298