Ethereum jumps above $3,300 as record ETF inflows, corporate buys, and political support drive bullish momentum.
Spot Ethereum (ETH) ETFs in the United States registered huge amounts of fund inflow in a day totaling $726.6 million. This was the biggest intake in a single day since the inception of the funds.
The influx happened on Wednesday and surpassed the prior mark of $428 million recorded in December. BlackRock’s ETHA fund brought in $499 million, while Fidelity’s FETH pulled in $113 million.
Ethereum Price Climbs on Multiple Factors
ETH’s price reacted with a sharp rally. It moved past $3,300 and briefly crossed $3,400. This marks its highest level since January. Over the last two weeks, Ethereum has gained about 30%. In comparison, Bitcoin has added around 8 to 9% during the same period.
These inflows show a significant shift in institutional demand. Spot ETH ETFs now hold more than 5 million ETH. That amount represents around 4% of the entire circulating supply.
ETF purchases have recently outpaced new ETH issuance by over 100 times. But the surge is not just from ETFs. Public companies are now building Ethereum treasuries. SharpLink Gaming is now the largest corporate ETH holder, with over 280,000 ETH.
That surpasses the Ethereum Foundation’s treasury. Bit Digital has also converted part of its reserves from Bitcoin to ETH. The firm raised fresh capital to support the transition.
The Additional Push for Ethereum’s Bullish Momentum
BitMine Immersion has also joined the wave. The company now holds over 163,000 ETH and has raised more than $250 million in private funding. Its ETH holdings are valued at over $500 million. Peter Thiel’s Founders Fund also bought a 9.1% stake in BitMine. These moves show growing corporate belief in this cryptocurrency as a long-term asset.
Technical indicators support this bullish trend. Analysts see key support zones between $2,738 and $2,879. A clean breakout above $2,879 could send ETH toward the $3,400 level. The current price action suggests that this breakout is already unfolding.
The altcoin market is gaining traction as well. Bitcoin lost its dominance slightly and is now at 61% after recent highs of over 67%. It means more capital flows into Ethereum and other altcoins. Other cryptos that recorded a gain in this period were XRP, Solana, Dogecoin, and Cardano.
Strengthening the Real-World Utility of the Network
The other major factor behind the Ethereum price gains is on-chain development. In Q2, total value locked on the network rose to $63.4 billion. That’s a 33% increase from Q1. Staked ETH has hit 35.6 million, or 29.5% of the total supply. Real-world asset tokenisation has also grown. Tokenised bonds and commodities now exceed $7.5 billion in combined market value. These figures prove that Ethereum is gaining real-life applications.
There is market confidence that has been developed after regulatory clarity. Stablecoin laws are progressing in Congress. The GENIUS Act focuses on bringing under control the issuance of stablecoins and restricting the interest-yielding ones. This would boost demand of on-chain stablecoin systems that use Ethereum infrastructure in the event that the proposal becomes law.
Trump-Linked Ethereum Purchase Boosts Sentiments
World Liberty Financial, founded by Trump, has purchased $10 million in Ethereum. The buy was also responsible for ETH’s price rise and increased interest from retail and institutional investors. This move further showed a shift in digital asset positioning by high-profile entities.
Market analysts note that Ethereum’s momentum is stronger than expected. Spot demand from ETFs, corporate treasuries, and political groups is accelerating. Ethereum is increasingly seen by many as a monetary layer and technology backbone rather than a speculative asset.
While short-term pullbacks are possible, the trend appears solid. Many analysts believe Ethereum could challenge previous all-time highs in the coming months. If current inflows continue, ETH could climb toward the $4,000 level before year-end.
Additional factors have contributed to Ethereum’s recent price rise. In less than two weeks, a whale amassed $325 million worth of ETH on Kraken, which also indicates institutional purchases.
The Altcoin Season Index also recorded a 30% weekly gain and rose to 39. This indicates a capital rotation out of Bitcoin. Strong trading activity was indicated by the ETH futures volume. It rose 27.5% to $76.4 billion in the past 24 hours.
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