Ethereum Price Prediction: ETH Leads the Charge Above $3,000 – Has Crypto Summer Season Officially Begun?
2025-07-12 08:55:16
Main Idea
Ethereum (ETH) shows strong bullish momentum with institutional demand and ETF inflows driving its price, while Bitcoin Hyper ($HYPER) gains traction in its presale as a Bitcoin-native Layer 2 solution.
Key Points
1. Ethereum (ETH) briefly touched $3,000, currently at $2,969, with a 9% gain in the last 5 days, driven by institutional demand and growing confidence.
2. SharpLink Gaming's $25.72 million private OTC purchase of 10,000 ETH from the Ethereum Foundation signals long-term institutional trust, with SharpLink now holding 215,957 ETH worth over $600 million.
3. U.S. spot ETH ETFs saw a $383.1 million daily inflow, the second-largest ever, with total 5-day inflows reaching $851.73 million, indicating strong demand and supply squeeze.
4. Bitcoin Hyper ($HYPER), a Bitcoin-native Layer 2 powered by Solana Virtual Machine (SVM), has raised over $2 million in its public presale, aiming to merge Bitcoin's security with Solana's speed.
5. Ethereum's technical analysis shows a breakout from an ascending channel since March, with RSI at 72, suggesting continued bullish momentum.
Description
Ethereum (ETH) briefly touched $3,000 this weekend, and the market is feeling optimistic again. Currently at $2,969, ETH is showing a sustained breakout with high volume and bullish indicators. After weeks of steady gains, Crypto Summer may have finally arrived. ETH lost 0.41% in early weekend trading, but the trend is still intact. ETH is up 9% in the last 5 days and outperforming most altcoins. This is more than a short term spike, it’s institutional demand and growing confidence in Ethereum’s...
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