Ethereum has exceeded the $ 3,000 mark for the first time since February, on the renewed dynamic sweeping the wider market of cryptography.
According to Cryptoslate Data, the price of the ETH culminated at $ 3,033 in the last 24 hours in the midst of an increase of 9%. However, its value was slightly traced at $ 2,991 at the time of the press.
This step follows the explosive rally of Bitcoin to a new record greater than $ 118,000, which aroused a renewal of interests for digital assets at risk.
Although this momentum has partially fueled the rise of Ethereum, the second largest crypto is also supported by significant chain developments and an investor activity.
What feeds the rise in ethn prices?
The data on the chain reveal that the reserves of ETH held on centralized exchanges fell to a lower 18.59 million, which reduces the available offer. At the same time, ETH ETH climbed a record summit of 29.91 million.
Combined, these trends point to a compression of the classic offer, where the less circulating ETH and an increase in stimulus can amplify the upward pressure of prices.
Meanwhile, Ethereum continues to consolidate its role in the infrastructure of digital assets. In the second quarter of 2025, Ethereum treated more than 4 dollars of dollars in stable transfer volume – a level of all time for the network.
In addition, institutional demand also increases, with the use of Ethereum in tokenization, crypto treasury bills and ETF flows helping to stimulate market confidence.
Given this, Crypto Pentoshi analyst said:
“(ETH) is still very early in this profession. I don’t know if it will be today, tomorrow or next month. But I think we are going to look back which is right before your eyes and think. I can’t believe it was so obvious. The amount of capital that is starting to flow into ETH, will lead to great movements. And all we have to do is do nothing. ”
In particular, Arthur Hayes, former CEO of Bitmex, is also optimistic about the future of Ethereum. Hayes predicted that ETH would outdo Bitcoin in the coming months, suggesting that a “Alt Monster season” is on the horizon.
Does the Ethereum Foundation sell ETH?
In the middle of the ETH rally, a crypto portfolio linked to the Ethereum (EF) Foundation triggered controversy by selling a value of $ 3.5 million.
According to Lookonchain, the portfolio sold 1,210 ETH on July 10, running several transactions at an average price of $ 2,890 per ETH.
Meanwhile, Hsiao-Wei Wang, co-executive director of the Ethereum Foundation, said that the foundation had not made the sale.
Instead, the sale was made by collective slang, a non-profit development organization which is a spin-off of the Ethereum Foundation.
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