ETH is Getting its Groove Back 💃

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So, here’s the tea:

  • Ethereum is suddenly the popular kid in school, and corporate investors are swooning.
  • ETFs are getting in on the action, with a casual $1 billion inflow on Wednesday. No big deal.
  • People are predicting ETH will hit $30,000 soon. Because, why not? 🤷

 

Ethereum is riding high on a wave of bullish momentum after spot Ether ETFs in the U.S. recorded their highest single-day inflow of nearly $727 million. I mean, who doesn’t love a good record-breaking session? 🏆

This surge is not only pushing ETH’s price past major resistance levels, but it’s also on the verge of kickstarting an altcoin season. Because, you know, the crypto community loves a good party 🎉. And with sky-high open interest in Ethereum futures, people are setting some pretty lofty price targets.

Institutional FOMO is Real

On Wednesday, U.S. spot Ether ETFs brought in a staggering $726.6 million. BlackRock’s ETHA fund was the biggest contributor, with a $499 million inflow. Fidelity’s FETH ETF followed with $113 million. Not too shabby.

Spot Ether ETFs now hold over 5 million ETH, and account for more than 4% of Ethereum’s total circulating supply. This buying spree marks a pretty significant change in perspective from institutional investors, who are now raking in ETH at much higher rates than the network’s issuance. 🤑

For context, on the same day, Ethereum’s network only issued about $6.74 million worth of ETH. This means that the ETFs bought nearly 107 times more ETH than was created. Yeah, that’s a lot.

Ethereum Price Surges as Altcoins Join the Party

ETH is currently trading at around $3,346, after gaining 7.2% in the last 24 hours and over 30% in the past two weeks. This breakout above the $3,000 mark is now being seen as a launchpad for even higher prices. 🚀

As Ethereum gains momentum, altcoins are heating up as well. In the last 24 hours, XRP rose 7.6%, BNB gained 3.4%, Solana climbed 5.2%, Dogecoin jumped 6.9%, and Tron (TRX) moved up 3.2%. It’s a party, and everyone’s invited 🎉.

On the other hand, Bitcoin increased by just 0.7%, and its market dominance now hovers around 61%. Maybe it’s time for a new king? 👑

According to insights from Crypto analyst Matthew Hyland, if Ethereum’s run continues, Bitcoin dominance may have already peaked. In essence, an altcoin season may have already started. Buckle up, folks! 🚀

Corporate Accumulation of Ethereum Hits $5.3 Billion

It’s not just ETFs getting in on the action. Corporate treasuries are also loading up on Ethereum. As of now, companies collectively hold over $5.33 billion in ETH, which amounts to roughly 1.33% of Ethereum’s total supply. 💸

One of the most aggressive buyers has been SharpLink Gaming, which purchased $68 million in ETH in the past 24 hours and $343 million over the last eight days. Trump-affiliated World Liberty Financial also bought an additional $5 million worth of ETH above its average acquisition price. 🤑

Finally, BitMine Immersion Technologies, chaired by Fundstrat’s Tom Lee, now holds over $500 million in ETH in its reserves. This corporate enthusiasm is very similar to trends seen with Bitcoin in previous cycles and shows a rising belief in Ethereum’s long-term value proposition. 📈

Can ETH Hit $30,000?

Traders and analysts are starting to revise their price predictions for Ethereum, considering its recent performance. According to insights from trader DeFi Dad, ETH could top out between $15,000–$30,000 this cycle. 🤯

He said:

“I am buying and holding ETH, believing we can run at minimum to $15K–$18K (20x from its low in 2022, 5–6x from here).”

Other analysts are also comparing ETH’s current cycle to its 2016–2017 performance, and are looking towards a possible 330% move from the April low of $1,400. That could push the price up to $6,000 or higher, with even the most conservative analysts eyeing $4,000 as the next major milestone. 🚀

I’ve completely readjusted my expectations for this run to top out between $15k-$30k.

I am buying and holding ETH believing we can run at minimum to $15k-$18k (20x from its low in 2022, 5-6x from here).

This is the worst case atm.

When you add in all the tailwinds of…

— DeFi Dad ⟠ defidad.eth (@DeFi_Dad)

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2025-07-17 17:14