Ethereum (ETH) Tops $3,300 as Holder Numbers Break Records
2025-07-16 20:19:18
Main Idea
Ethereum (ETH) has surged past $3,300, reaching its highest price since February, with record-breaking holder numbers and significant whale activity.
Key Points
1. Ethereum (ETH) surpassed $3,300 on Bitstamp, hitting an intraday peak of $3,371, a 7% surge, and outperforming Bitcoin with a 15% rise in the ETH/BTC pair.
2. A major whale lost $8.4 million after closing all ETH shorts before liquidation, with over $56 million in ETH shorts wiped out in four hours.
3. Ethereum holder numbers are at a record high, with over 152 million non-empty wallets, the highest among cryptocurrencies.
4. Spot Ethereum ETFs, like BlackRock's ETHA, attracted $171 million in fresh funds, contributing to the rally.
5. The rally was also fueled by expectations of interest rate cuts following the June Producer Price Index (PPI) data.
Description
Ethereum (ETH) has successfully managed to outperform other major cryptocurrencies. Is this the start of another ETH season?
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