Ethereum Surges 25% in a Week as Treasuries Buy 570K ETH Amid ETF Demand

ETH blasts past $3,400, up 10% in 24 hours, 25% in a week. Only DOGE is above it. Corporate interest and derivatives/spot market momentum is driving this.

Small-cap Nasdaq listed companies (SharpLink Gaming, BitMine, Bit Digital, BTCS, GameSquare) have raised over $1B since May to buy ETH. They have bought over 570,000 ETH according to the Strategic ETH Reserve website.

Thomas Lee, Fundstrat CIO and Chairman at BitMine told CNBC that Ethereum is attractive due to regulatory clarity, especially the GENIUS Stablecoin Bill which passed the Senate in June. If it passes the House, it will make Ethereum backed assets more attractive for corporate balance sheets.

Institutional Inflows and Derivatives Fuel Rally

Institutional demand is surging. Since the SEC approved Ethereum ETFs in May, $3.27B in net inflows have gone into US spot ETH ETFs according to SoSoValue. This is a big vote of confidence from asset managers and hedge funds.

Ethereum derivatives market is mirroring this trend. In July alone, open interest (total outstanding futures contracts) has grown by 1.84M ETH. Funding rates are moderate, not extreme leverage.

Key Institutional Metrics:

  • ETF Net Inflows (Since May): $3.27B
  • ETH Futures Open Interest Growth (July): +1.84M ETH
  • Corporate ETH Purchases (May-July): 570,000 ETH
Ethereum Price Chart - Source: Tradingview
Ethereum Price Chart – Source: Tradingview

Staking Growth and Technicals Point to $3,600

On-chain metrics are also strong. After the Pectra upgrade which improved staking, staking activity has picked up. Between June 1 and July 15, 1.51M ETH were staked, with about 1/3 of that coming from treasury related inflows.

Ethereum saw $197.68M in futures liquidations in the last 24 hours, $167.66M of that was short positions. That’s a big shift in sentiment.Technically, ETH has broken $3,220 and may go to $3,470. If momentum holds, $3,600 is possible. But if below $2,500, trend is invalid and we go to $2,110.

Solana Meme Coins Jump 6% to $14.6B as Fartcoin OI Hits $1 Billion

Solana meme coins are making headlines again as their total market cap surged 6% in the last 24 hours to $14.64 billion. This outpaces the broader crypto market’s recovery and shows investors are back to buying speculative assets. Fartcoin (FARTCOIN) and SPX6900 (SPX) were the leaders of the charge earlier in the week. Despite minor pullbacks today, both are still in bullish territory.

The momentum is supported by derivative market activity. According to CoinGlass, Fartcoin’s Open Interest (OI) hit a record $1.05 billion, up from $802.60 million yesterday. SPX’s OI crossed $200 million for the first time. This is a sign of increasing trader confidence and means more price volatility for the bulls.

Bullish Signs Point to Upside

Technical indicators are pointing to more upside for both Fartcoin and SPX. Fartcoin dipped 5% today but is still above its 50-day EMA and the $1 mark. It’s approaching the $1.56 resistance. A daily close above that could take it to $2.00.

  • Fartcoin Technical Snapshot:
    • MACD lines are green
    • RSI is 59, not overbought
    • Volatility increasing, bars are shifting

SPX dipped 1% after Wednesday’s 12% surge to a new high of $1.91. It’s testing the $1.80 resistance. A strong break above that could take it to $2.00, then $2.22.

Solana Price Chart - Source: Tradingview
Solana Price Chart – Source: Tradingview

Solana Price at Key Resistance

Despite the bullish signs, there’s still risk. Fartcoin’s $1.56 resistance has held since January and a close below that could see it pull back to the 50-day EMA at $1.16. SPX could retrace to $1.47 if $1.80 holds.

Both are showing interest but watch for volatility and resistance. OI is at all time highs so meme coin bulls are in charge for now.

Ethereum Surges to 16-Month High Through Record ETF Inflows

Ethereum [[ETH/USD]] has seized enormous momentum this week, trading at about $3,600 with gains reaching 7.7% in the preceding 24 hours. The cryptocurrency has gone up 23% in the past week, which is a lot more than Bitcoin’s 13% rise. This makes it one of the best performers in the current market cycle.

Ethereum Surges to 16-Month High Through Record ETF Inflows
Ethereum price analysis

The rise comes at a time when institutional interest is at an all-time high. On Wednesday, US Ethereum spot ETFs saw their biggest single-day inflow ever, with $727 million coming in. This broke the previous record of $428 million established in December. This flood of institutional capital has raised Ethereum’s price to its highest level since January 2025, which is a very important turning point for the second-largest cryptocurrency.

ETH/USD Technical Analysis Points to Continued Momentum

From a technical point of view, Ethereum’s recent price movement shows that there is significant bullish momentum and several support levels have been set. The cryptocurrency has successfully broken through the $3,400 resistance mark that had kept it from going up earlier this year. The number of transactions and daily active wallets on Ethereum has reached all-time highs of almost 19 million and 2.5 million, respectively.

The staking measures give more technical credence to the bullish argument. Staked ETH has hit a new all-time high of more over 36 million tokens, which is about 29% of the total supply. This takes a lot of ETH off the market, which lowers selling pressure and gives holders a return.

[[ETH/USD-graph]]

 

Three Pillars Supporting Ethereum’s Institutional Narrative

  • Reserve Status of the asset: Because Ethereum is the most popular stablecoin, it has become the backbone of the digital dollar economy. Ethereum has become the main settlement layer for digital financial infrastructure because it issues more than 54% of all stablecoins. Since 2020, the use of stablecoins has grown 60 times, reaching over $200 billion. This has made Ethereum’s function as digital collateral more stronger.
  • The Sovereign Digital Economy Fidelity’s most recent report calls Ethereum a sovereign digital economy instead of just a blockchain platform. In this system, ETH serves as base money that connects decentralized users, and the network supports more than $19 billion in DeFi loans. From this point of view, ETH might take a piece of the $500 trillion global store-of-value industry.
  • Digital Oil Example: Key players in Ethereum say that ETH is a useful, yield-bearing commodity that drives the on-chain economy. Ethereum is different from Bitcoin’s “digital gold” story because it mixes value storage with usefulness. It burns ETH as fuel for transactions while keeping it scarce by limiting issuance to 1.51% each year.

Ethereum Price Prediction: $4,000 Target in Sight

Ethereum is ready to keep going up based on the present momentum and technical indicators. The cryptocurrency is still trading a long way below its all-time high of $4,855 in November 2021, which means it has a lot of opportunity to expand compared to Bitcoin, which is already in price discovery mode.

There are a number of reasons why $4,000 is a good short-term goal:

  • ETF Momentum: Institutional inflows are at an all-time high and show no signs of slowing down. There have been positive flows for 11 of the last 12 trading days.
  • Staking Yield: BlackRock’s request to add staking incentives to its Ethereum ETF could open up more institutional demand.
  • Technical Breakout: Getting past the $3,400 resistance level makes it possible to reach the psychological $4,000 barrier.
  • Relative Underperformance: ETH’s 23% weekly gain is still lower than its historical performance compared to Bitcoin in past cycles.

Risks and Considerations

Even while things look good, there are a few things that should make you cautious. The recent drop in fee revenue from $82 million at the peak in 2021 to just $3 million today shows that Ethereum is shifting its strategy toward Layer 2 scalability. This could temporarily stop ETH holders from getting direct value.

Also, the comparison between SharpLink Gaming (SBET) and MicroStrategy’s Bitcoin approach shows that there may be structural variations in how corporate treasury strategies may change in the future. While more institutions are starting to use it, it’s still unclear how long present levels of input will last.

Bitcoin Consolidates Above $120,000 as Fresh Capital Influx Signals Mid-Cycle Adoption Phase

Bitcoin [[BTC/USD]] is still holding strong above the important $120,000 milestone, and in the last 24 hours it has gained 1.3%. As bears maintain the $120,000 barrier zone, the world’s largest cryptocurrency by market cap seems to be entering a consolidation phase. Analysts think this might be a strategic accumulation time before the next big rise.

Bitcoin Consolidates Above $120,000 as Fresh Capital Influx Signals Mid-Cycle Adoption Phase
Bitcoin price analysis

BTC/USD Technical Analysis Points to Range-Bound Trading

The daily chart tells us a lot about how the Bitcoin market is doing right now. There has been selling pressure every time the price tries to break above $120,000, as shown by the lengthy wicks on recent candlesticks. The fact that this level keeps getting rejected shows that bears are actively protecting it.

Technical indications are showing that there may be some sideways movement in the near future. The 20-day exponential moving average (EMA) is at $113,528, which is a strong level of support for any retreat that might happen. The 20-EMA has flattened out on the four-hour period, and the Relative Strength Index (RSI) is slightly above the midpoint, both of which suggest that a range may be forming.

For a long time, analysts think Bitcoin will trade in a range between $115,000 and $123,218. This consolidation phase could be good for the long-term direction of the market because it gives it time to absorb recent gains and set the stage for the next leg up.

Price Targets and Critical Support Levels

If bulls can break through the $120,000 to $123,218 resistance zone, Bitcoin might start its next big surge toward $135,729, with a final pattern objective of $150,000. To reach these high goals, there needs to be steady buying pressure and successful defense of important support levels.

At $110,530, the most important support level is the current bull run’s make-or-break point. If the price drops below this level, it might lead to a bigger pullback toward $105,000, which could change the short-term optimistic picture.

Traders are looking for a break above $120,064 to confirm that the market is going up right away. This would likely lead to a retest of the all-time high of $123,218.

[[BTC/USD-graph]]

 

Institutional Momentum Drives Market Confidence

The basic factors that sustain Bitcoin’s price movement are still strong. On Wednesday alone, US-based Bitcoin exchange-traded funds saw an amazing $799.4 million in inflows, making it the 10th day in a row that institutions have bought them. Investors have put more than $5.2 billion into BTC ETFs since July 2, showing that institutions are still interested.

Digital asset investment products recently saw their second-largest weekly inflow of $3.7 billion. This brought the total amount of assets under managed to an all-time high of $211 billion. Bitcoin-backed products make up 85% of the global crypto investment product industry, or $179.5 billion.

Fresh Capital Indicates Renewed FOMO

On-chain data shows that a lot of new money is coming in, with first-time Bitcoin buyers getting over 140,000 BTC in just two weeks. This means that their holdings went up by 2.86%, from 4.77 million to 4.91 million BTC. This new demand looks like “FOMO” (fear of missing out) behavior is back, which is good for Bitcoin’s latest breakout.

Mid-Cycle Adoption Signals Long-Term Potential

Jurrien Timmer, Fidelity’s Director of Global Macro, said that Bitcoin is still in the middle of its acceptance curve, which is similar to how the internet grew in the past. Timmer’s analysis shows that the current price action is not for an asset class that is already full, but for one that is growing. The far high end of the Bitcoin model implies that prices might reach $200,000 to $300,000.

The number of firms that use BTC is still growing quickly. In the second quarter, 46 public companies added BTC to their balance sheets, bringing the total to 125 companies that hold 847,000 BTC valued almost $91 billion.

Bitcoin Price Prediction: Patience Before the Next Rally

Bitcoin’s short-term future may include trading in a range, but the underlying fundamentals show that this consolidation phase is good for long-term growth. The next big price movement is likely to happen because of a steady influx of money from institutions, new interest from retail investors, and more companies using the currency.

Traders need to keep a careful eye on the $110,530 support level because protecting it will be important for keeping the bullish structure in place. If the price breaks over $120,000, it might swiftly go toward the $135,000 target. However, if it can’t hold critical support levels, it may need to make a bigger drop before trying to reach new highs again.

Daily Crypto Signals: Bitcoin Eyes $135K Target, Dogecoin Preps for 300% Rally Amid Congressional Crypto Breakthrough

The crypto market is experiencing a pivotal moment as Bitcoin [[BTC/USD]] consolidates near $120,000 while facing resistance, and Dogecoin [[DOGE/USD]] shows strong technical indicators pointing toward a potential 300% rally. Meanwhile, US lawmakers have made historic progress by passing three major crypto bills in the longest voting session in House history.

Daily Crypto Signals: Bitcoin Eyes $135K Target, Dogecoin Preps for 300% Rally Amid Congressional Crypto Breakthrough
Latest crypto market news

Crypto Market Developments

This week, the digital asset world saw a lot of movement in terms of rules and regulations. The US House of Representatives passed three important cryptocurrency bills in a nine-hour vote session. The Digital Asset Market Clarity (CLARITY) Act passed with 294 votes in favor and 134 votes against. The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act got 308 votes in favor and 122 votes against. The Anti-CBDC Surveillance State Act passed by a tight margin of 219 votes in favor and 210 votes against. This push for new laws fits with President Donald Trump’s declared crypto goal, which is a big change in how the government regulates.

At the same time, the Securities and Exchange Commission pushed up the date for deciding on Bitwise’s Bitcoin and Ether spot ETF in-kind redemptions. This shows that the agency is taking a more cautious approach now that Paul Atkins is in charge. Grayscale is criticizing the SEC for how it is treating its Digital Large Cap ETF, and this decision comes at a time when there is more criticism of regulatory delays. Dogecoin has gone up 23% in the last week because more people are buying it on sites like Robinhood and Binance.

Bitcoin in Consolidation Phase

[[BTC/USD-graph]]

 

Bitcoin is still strong, trading about $119,757. It has stayed close to previous highs even though there has been selling pressure around the $120,000 resistance mark. The cryptocurrency has gotten a lot of support from institutions. On Wednesday alone, US-based Bitcoin exchange-traded funds saw $799.4 million in inflows, making it the 10th day in a row that they have seen inflows. Since July 2, investors have put more than $5.2 billion into Bitcoin ETFs, showing that institutions are still quite interested in the digital asset.

Technical analysis shows that Bitcoin is in a consolidation phase. If it keeps failing to break over $120,000, it could drop further more toward the 20-day exponential moving average at $113,528. But if Bitcoin can get past the resistance zone between $120,000 and $123,218, analysts think the following part of the rally might go up to $135,729 and then hit the pattern target of $150,000. The way the market is set up right now makes it look like bulls are holding their ground, waiting for the upswing to start again. However, if the price drops below the important $110,530 support level, bears could take over.

Dogecoin Getting Ready for a Breakout

[[DOGE/USD-graph]]

 

Dogecoin (DOGE) is getting ready for a big jump up. It’s now trading above $0.21 and has formed a textbook double bottom pattern on the daily chart. This bullish pattern formed after DOGE broke out of a long-term downward channel, which showed that the momentum had changed. The memecoin is now in a healthy consolidation phase between $0.19 and $0.21, which technical analysts see as a good retest after the breakout.

The wider weekly chart structure makes Dogecoin’s bullish case much stronger. The cryptocurrency is trading in an ascending expanding wedge, which is a technical pattern recognized for its parabolic breakthrough potential. If the price breaks above $0.21 right now, it will probably go to $0.25, which will complete the double bottom pattern and open the road to $0.48, which was last seen in December 2024. Based on what has happened in the past and how the market is set up, this move might set the stage for a 300% rise once $0.25 is recaptured, with $1 being a feasible long-term goal.

Sui Could Rally to $5 in Altcoin Season

Sui might benefit from the current altcoin season because Bitcoin’s declining dominance shows that money is going into other cryptocurrencies. The token has picked up speed when it broke above the 50-day simple moving average at $3.10 on July 10. It then got close to the overhead resistance level of $4.30. If bulls can push the price above the current resistance level, this technical breakthrough might lead to a rise toward $5 and finally $5.37.

The cryptocurrency made a bullish inverse head-and-shoulders pattern when it closed over $3.55, which gave more technical proof that it was going up. Sellers are trying to stop the rise around $4.10, but the bounce off the 20-EMA on the 4-hour chart shows that people are still feeling good about it. As Bitcoin’s price stabilizes, more and more people are becoming interested in altcoins. This could be what SUI needs to break through the tough resistance at $4.30 and start a rally toward the $5 target as the crypto industry continues to change.

U.S. Government Pushes Retirement Funds to Embrace Bitcoin, Gold, Private Equity

Trump is preparing to sign an executive order that would authorize the U.S. retirement market to invest in alternative assets such as private equity, gold, and Bitcoin. It is expected that this move will fundamentally change how Americans manage their retirement funds by opening new investment opportunities beyond the traditional stock and bond markets.

Trump is expected to sign the executive order this week, which will instruct regulators to examine the challenges faced by professionally managed funds when offering alternative investments to 401(k) participants. This included a wide range of asset classes, including metals, digital assets, and funds focused on infrastructure transactions, private lending, and corporate acquisitions.

The order aims to allow investors to diversify their portfolios by expanding the choices available to retirement savers. Among the included alternative assets are gold, often seen as a haven during economic uncertainty, and cryptocurrencies, known for their volatility and potential for high returns.

Private equity, which usually invests in privately held companies, also offers the possibility of higher rewards but comes with increased risks.

If these alternative investments are incorporated into retirement plans, investors could access a broader array of investment options. However, the initiative is likely to receive both praise and criticism. Supporters argue it will provide investors with more choices and improve their chances of earning profits.

Critics, on the other hand, may raise concerns about the risks associated with these investments, especially the lack of liquidity in private equity and the volatility of cryptocurrencies.

U.S Banks Get Green Light for Crypto Custody Sparks Bitcoin, XRP Boom

The Office of the Comptroller of the Currency (OCC), the Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) have all approved US banks to provide crypto custody services.

 

America’s top banking regulators have issued unified guidance defining “safekeeping” as the act of holding digital assets on behalf of customers, with or without fiduciary responsibility.

This regulatory alignment officially authorizes the safekeeping of digital assets, marking a significant milestone for the cryptocurrency industry, especially for Bitcoin and XRP. With this clarity, it is a major step toward integrating digital assets into traditional finance and legitimizing them, allowing banks to offer unambiguous, secure, and regulated storage for both small and large clients, including Bitcoin.

This regulatory progress is particularly notable for XRP. The purpose of the XRP Ledger (XRPL) was for institutional use, not speculation. Its architecture and design reflect serious financial applications.

The XRPL is technically ready for the custody role that regulators have now approved, thanks to its native support for tokenization, transaction finality within 3 to 5 seconds, and the completion of over 70 million ledgers.

XRP is particularly well-suited to meet custodianship standards due to its speed, scalability, and reliability—qualities that financial institutions require in a compliant and scalable custody framework. BNY Mellon’s custody platform is integrating Ripple’s US dollar-backed stablecoin, RLUSD. As one of the oldest and most reputable banks in the world, BNY Mellon’s involvement adds significant legitimacy to this project.