Ethereum Surges 7% to $3,019 on Institutional Demand and Tokenization Narrative

Ethereum has surpassed the $3,000 mark, marking a significant milestone in its recent rally. This surge is the first time Ethereum has crossed this threshold since February of this year, with the price peaking at $3,019 before experiencing a slight correction. The cryptocurrency's momentum has been driven by a combination of factors, including institutional demand and the growing narrative around tokenization and ETF inflows.

The rally in Ethereum's price is part of a broader crypto market surge, with Bitcoin also reaching new all-time highs. Institutional investors have shown renewed interest in Ethereum, purchasing significant amounts of ETH. This institutional demand has contributed to Ethereum's price gains, with the cryptocurrency seeing a 7% increase in a 24-hour period. The surge in Ethereum's price has also been fueled by the growing narrative around tokenization and ETF inflows, which have sparked renewed momentum in the crypto market.

Ethereum's chart on the 1-hour timeframe mirrors Bitcoin’s surge nearly step for step. The crossover of the 9 EMA above the 21 EMA on July 8 set the tone for a strong uptrend. The orange arrows highlight points where ETH tested support and bounced cleanly, continuing the bullish momentum. Ethereum pushed above $2,732 and turned it into support—this confirmed strength. Once this happened, ETH never looked back and powered its way up to $2,980. Ethereum touched the $3,000 zone and is currently stabilizing just under it. Traders are now watching for either consolidation or a clean breakout that could send ETH toward $3,200 and beyond. The RSI remains elevated, showing strong momentum, but traders should watch for any bearish divergence or overbought corrections in the short term. Overall, the Ethereum chart structure is nearly identical to Bitcoin’s, reinforcing the idea that the entire crypto market is currently moving in sync—led by Bitcoin, but confirmed by altcoin strength.

Much like Bitcoin, Ethereum has seen major buying pressure from institutional players and corporate treasuries. Several blockchain-focused funds and tech giants have been openly accumulating ETH, betting on the future of decentralized infrastructure, smart contracts, and Ethereum’s growing role in tokenization, AI integrations, and L2 adoption. The recent rally in Ethereum's price has been driven by a combination of factors, including institutional demand and the growing narrative around tokenization and ETF inflows. The surge in Ethereum's price has also been fueled by the broader crypto market rally, with Bitcoin reaching new all-time highs.