ETF Inflows Fuel the Fire
Spot Ethereum ETFs just saw their biggest day of 2025, pulling in $386 million in fresh investments. BlackRock's iShares Ethereum Trust led the charge with $158 million alone. Since launching last July, these funds have attracted over $3.5 billion this year. This tidal wave of institutional money is pushing ETH prices upward faster than Bitcoin for the first time in months.
Crypto Market Roars Back
The entire crypto market surged to $3.46 trillion as Ethereum's rally pulled Bitcoin and altcoins higher. Bitcoin jumped 5% to $117,955 while Solana and other major tokens followed ETH's lead. This rebound comes after weeks of sideways trading, with traders liquidating $550 million in bearish bets against Bitcoin and $195 million against Ethereum during the surge.
| Crypto | Price | 24H Change |
|---|---|---|
| Ethereum (ETH) | $3,037 | +6.7% |
| Bitcoin (BTC) | $117,955 | +4% |
| Solana (SOL) | ~$178 | +7.8% |
Three Drivers Behind the Rally
1. Regulatory Progress: The GENIUS Act in Congress aims to create clear rules for stablecoins – most of which live on Ethereum. With an August deadline looming, investors are betting Ethereum will benefit most from new regulations.
2. Tokenization Boom: Major firms are using Ethereum to represent real-world assets like real estate and commodities. As CoinDesk reports, this "tokenization narrative" positions Ethereum as critical infrastructure for Wall Street's blockchain adoption.
3. Technical Breakout: ETH shattered the $2,800 resistance level that held for months. Analysts note the price cleared critical liquidity zones, signaling genuine buying pressure rather than a temporary spike. The next major test sits at $3,400.
Corporate Treasuries Join the Fray
Public companies like Sharplink Gaming now hold Ethereum alongside Bitcoin in their treasuries. Crypto investor Pentoshi observed: "Public companies will have bought enough ETH to offset all new supply created since the Merge." This corporate demand further tightens ETH supply while institutional ETFs soak up coins.
What Comes Next?
All eyes are on the $3,400 resistance level after ETH cleared the psychological $3,000 hurdle. However, open interest in Ethereum futures hit $22.6 billion – a record high indicating leveraged bets. While this shows market enthusiasm, overcrowded positions could trigger volatility if prices dip.
The August deadline for the GENIUS Act could provide the next catalyst. As CoinShares analyst Luke Nolan noted: "The timeline creates a structural bid for ETH given its dominant stablecoin market and sophisticated DeFi products".
