Ethereum Price Eyes $3.5k Next Fueled By Renewed Demand from Institutional Investors
2025-07-16 07:27:46
Main Idea
Ethereum's price has surged above $3,140, driven by renewed institutional demand and technical indicators suggesting a potential altseason in 2025.
Key Points
1. Ethereum price has formed a macro bottom similar to the pre-2021 bull rally, with a 5.53% surge in 24 hours to $3,141.
2. Institutional demand for Ethereum is growing, evidenced by BitMine Immersion increasing its Ether holdings to 163,142 units and SharpLink Gaming acquiring 74,656 Ether.
3. U.S. spot Ethereum ETFs have recorded over $1.3 billion in net inflows in the first two weeks of July.
4. Technical indicators, such as the ETH/BTC pair breakout and weekly MACD line surge, suggest the onset of the 2025 altseason.
5. Ethereum's Open Interest (OI) has surpassed $46 billion for the first time, indicating strong market participation.
Description
Ethereum price has formed a macro bottom akin to the pre-2021 parabolic rally. On-chain data analysis shows the Ethereum network has received renewed interest from institutional investors. The odds of altseason 2025 having started are high with Ether price above $3.1k against. Ethereum (ETH) price has soared above $3,140 for the first time in 23 weeks on Wednesday, July 16. The large-cap altcoin, with a fully diluted valuation of about $378 billion, surged 5.53% in the past 24 hours to trade at ...
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