Ethereum is making headlines again. In the last 24 hours, ETH price jumped by 6.5%, outperforming major cryptocurrencies like Bitcoin (BTC), XRP, and Solana (SOL). This bullish momentum coincides with a massive spike in trading volume for BlackRock’s spot Ether ETF, ETHA.
Ethereum is currently trading at $2,790.78, after gaining more than 6% in a single day and 7.3% over the past week. Experts believe a clean breakout above the $2,750 resistance zone could spark another sharp rally.
While ETH is slightly down by 0.2% in the last hour, overall momentum remains strong, especially as institutional interest is pouring in.
BlackRock’s spot Ether ETF (ETHA) is now the top ETH-backed ETF by market cap, sitting at $5.06 billion. It currently holds over 1.83 million ETH, with a 7-day increase of +2.52% (45,182 ETH), according to Coinglass.
Investor appetite is rising. Since July 7, more than $320 million has flowed into Ethereum ETFs.
Ethereum’s latest price surge is backed by real institutional demand. With BlackRock’s ETH ETF setting new volume records and investor inflows climbing daily, ETH could be gearing up for its next big breakout.
Ethereum’s price is up today due to a combination of factors: surging institutional demand through spot Ether ETFs (like BlackRock’s ETHA), reduced circulating supply from staking and token burns, and positive macroeconomic tailwinds.
Strong indicators include high institutional demand, record ETF inflows, rising 30-day trading volume, and a clear breakout above the $2,750 resistance zone, suggesting potential for a significant rally.
As the altcoin season begins, the short-term gains make Ethereum a lucrative buying option. However, the long-term promises of this programmable blockchain make it a viable long-term crypto investment.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Pi Network holds approximately $1.85 billion in market capitalisation, accounting for nearly 95% of the…
YoungHoon Kim, the world's Highest IQ 276 holder, was recognized by the World Memory Championships…
Crypto has opened the door to a different way of handling money, but it also…
Solana is closing in on a decisive test near $86, with the price holding firm…
The Sui price is facing renewed pressure after a series of exploit-related incidents shook confidence…
Binance received nearly $6 billion in stablecoin deposits during March and April, including $3.5 billion…
