Ethereum Breaks $3,100, Analysts Target $3,500 Amid Surging Institutional Demand
2025-07-16 07:39:28
Main Idea
Ethereum (ETH) has surpassed $3,100, with analysts targeting $3,500 due to strong institutional demand and technical indicators suggesting the start of an altseason.
Key Points
1. Ethereum broke above $3,140 for the first time in 23 weeks on July 16, 2025, driven by institutional interest.
2. Ethereum's Open Interest (OI) surged past $46 billion, indicating significant capital inflows into derivatives.
3. U.S. spot Ether ETFs recorded over $1.3 billion in net cash inflows in the first two weeks of July.
4. Technical signals, including the ETH/BTC trading pair breakout, suggest a potential repeat of the 2021 bull rally.
5. Analysts are targeting a $3,500 price for Ethereum, which could lead the broader altcoin market.
Description
Ethereum (ETH) has demonstrated remarkable strength, decisively breaking above the $3,140 mark for the first time in 23 weeks on July 16, 2025. This significant price action is largely attributed to a robust resurgence of interest from institutional investors, propelling the second-largest cryptocurrency towards a new target of $3,500. Institutional Appetite Fuels ETH’s Ascent A … Continue reading "Ethereum Breaks $3,100, Analysts Target $3,500 Amid Surging Institutional Demand" The post Ethereu...
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