- Ethereum breaks resistance as ETF inflows surge and institutions accumulate.
- Whale activity spikes while Ether targets $3.5K in bullish trend.
- Market momentum grows with ETH/BTC breakout and rising Open Interest.
Ethereum climbed above $3,140 during early European trading on Wednesday, marking its highest level in over five months. The rally reflects a 5.53 percent surge in the past 24 hours and signals renewed bullish momentum in the altcoin market.
After struggling to break past the $2,600 resistance for weeks, Ethereum has now confirmed a decisive breakout on the weekly timeframe. This bullish trend, coupled with the fact that Bitcoin is still in its price discovery period, contributes to the overall rise of the crypto market.
Even as the price moves up, Ethereum’s Open Interest has hit an all-time high of over $46 billion, suggesting a big boost in leveraged interest. This indicator proves the increased level of investor confidence, particularly in institutions and whales that build up massive ETH positions.
BitMine Immersion, a crypto-oriented investment firm, recently increased its Ether position to 163,142 coins following a $250 million private placement.
According to a regulatory filing, PayPal co-founder Peter Thiel indirectly owns more than 5 million shares in BitMine as a result of a series of affiliated entities, and their stake represents 9.1 percent of the company’s outstanding stock.
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Further, SharpLink Gaming also announced that it had purchased 74,656 ETH coins, expanding its number of Ethereum holdings to 280,706 coins.
Such corporate actions indicate increasing confidence in Ethereum’s long-term prospects and a more general trend of institutional transitions between Bitcoin and Ether.
In the meantime, capital flows into the U.S. spot Ethereum ETFs have been strengthening.
This has drawn more investors to the products, as spot Ether ETFs saw net inflows of more than $1.3 billion in the first two weeks of July alone, one of the best starts of a month ever since their inception.
Rising Technical Strength and Market Signals Suggest Higher Price Targets
Ethereum is now displaying a bullish technical setup similar to the early stages of the 2021 crypto bull market. The current fractal pattern mirrors that cycle’s structure, which led to a significant price explosion from the cycle’s bottom.
The pair ETH/BTC also shows strong momentum on Ethereum’s side. This duo’s explosion implies that capital is cycling into altcoins, which may trigger an altseason in 2025.
Moreover, Ethereum’s weekly MACD entered positive values for the first time in 2025. The increases in the number of bullish histograms are evidence of a strong uptrend, with additional buying momentum being generated on large exchanges.
Source: Fundstrat
The weakened dollar facilitates the increased presence of digital assets by giving Ethereum even more strength, as a favorable macro environment affects this process.
Technical indicators and institutional demand are pointing in the same direction, setting Ethereum in a good position to attain the $3,500 price within the near future.
Ethereum’s price breakout above $3,140 is gaining momentum, supported by rising ETF inflows and substantial accumulation by institutional players. Market signals now point to a possible push toward $3,500, as demand continues to grow across both spot and derivatives markets.
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