Can Ethereum Breach New All-Time Highs This Year?
2025-07-17 06:39:50
Main Idea
Ethereum reached a five-month high of $3,418, with significant institutional accumulation and reduced supply on centralized exchanges, signaling strong investor interest and potential for further growth.
Key Points
1. Ethereum touched $3,418 this week, its highest level since February, with 24-hour gains exceeding 7%.
2. SharpLink Gaming and BitMine Immersion Technologies have collectively accumulated over $1.3 billion in Ethereum.
3. Ethereum held on centralized exchanges has dropped 34% year-to-date, per Santiment data.
4. Ethereum's ratio against Bitcoin rose 20% in two weeks, indicating investor rotation into Ethereum.
5. Charles Edwards, Founder of Capriole Fund, predicts a new all-time high for Ethereum within "six to 12 months."
Description
Ethereum fundamentals and positioning are drawing renewed interest from institutions, lifting price and sentiment as analysts eye a new high.
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