Ethereum Surpasses $3,400 Following Record ETF Inflows

Key Points

1. Ethereum's price exceeded $3,400 on July 16, 2025, fueled by a record $726.74 million inflow into spot Ethereum ETFs, the highest since mid-January.

2. BlackRock’s ETHA ETF reached $2.27 billion in assets under management, with total spot Ethereum ETF assets accounting for about 4% of ETH's market value.

3. Institutional demand is rising, with companies like SharpLink Gaming accumulating 280,706 ETH, surpassing the Ethereum Foundation's holdings.

4. Other major altcoins, including XRP, Solana, and BNB, also saw price increases, while Bitcoin's market dominance declined by 2.59 points weekly.

5. Analysts suggest Ethereum's rally, combined with ETH staking, could push the cryptocurrency toward its historic peak of $4,600.