Ethereum Surges Past $3,300 Amid Record Holder Growth and Increasing Institutional Interest
2025-07-16 20:14:32
Main Idea
Ethereum's price surged past $3,300, driven by record holder growth, institutional interest, and favorable macroeconomic indicators, signaling strong market momentum.
Key Points
1. Ethereum's price rose above $3,300, marking a 7% increase, with the ETH/BTC trading pair up 15% in two days.
2. Over $56 million in ETH shorts were liquidated, contributing to the bullish momentum.
3. Ethereum's non-empty wallets surpassed 152 million, indicating widespread adoption and network growth.
4. Institutional interest is rising, with SharpLink holding over 280,000 ETH and BlackRock's ETHA fund attracting $171 million in inflows.
5. Cooler-than-expected June Producer Price Index (PPI) data supported Ethereum's rally by benefiting risk assets.
Description
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