Ethereum Price Gains 75%: What’s Fueling the Rally?

The Ethereum price is exchanging hands at $3740 with 24-hour volume of $32.74 billion, it has displayed wonderful gains since June’ last week to till now gaining nearly 75% gains. 

This happened as institutional interest in Ethereum crypto has hit a significant milestone this July. The major push is received with rapidly gaining ETF inflows and whale accumulation, this is fueling optimism for a broader breakout in the Ethereum price ahead.

ETF Inflows Trigger Surge in Ethereum Price Sentiment

The Ethereum price saw renewed upward momentum on July 25th, and gained 6%. This gains are closely tied to a record-breaking surge in spot ETF inflows over the month and on 25th too.

According to on-chain analyst Ted Pillows, Ethereum ETFs registered a net inflow of $452.8 million on a single day, out of which BlackRock’s ETHA accounted for $440.1 million, with the remainder attributed to Fidelity’s FETH.

These figures are displaying a very extraordinary difference from the early July numbers, where daily inflows remained under $100 million. However, since July 9th, this trend reversed dramatically, revealing a multifold jump in institutional buys.

Whale Activity Spikes as Institutional Momentum Builds

Supporting this ongoing ETH bullish wave, the analyst Ali Martinez also highlighted a rise in large Ethereum holders, based on Glassnode’s data tracking “mega whale addresses” holding more than 10,000 ETH. 

He mentioned on X that, since July 9th, over 170 new whale addresses have been added to the network. This is firmly suggesting that much of the ETF inflow is translating directly into long-term accumulation and large entities are positioning themselves for a long-term move.

Moreover, Ted Pillows further remarked that on-chain volume has surged by 288% over the past three weeks, reaching a staggering $10.38 billion. According to him, the Ethereum price rally has only just begun, he bets that the real breakout still lies ahead and will be visibly louder once it manifests.

Ethereum Price Chart Faces Multi-Year Trendline Test

Zooming out to the Ethereum price chart on a weekly timeframe, a critical technical development is underway. 

As noted by another analyst, he revealed that the Ethereum price is attempting to break a 3.7-year long descending trendline. If Ethereum manages to give a weekly close, it would likely shoot a sustained upward trajectory.

This optimism aligns with the broader Ethereum price analysis today, where market optimism is backed not just by inflows, but also by strong technical setups and a supportive macro environment.

Therefore, with the Ethereum price currently holding near the key breakout areas, several traders are starting to make bold forecasts. Among them, analyst Rekt Fencer anticipates a parabolic rally where he targets toward $10,000 by the end of 2025.