Ethereum Soars to Six-Month High as Ethereum ETF Inflows and Corporate Accumulation Ignite Rally

Ethereum (ETH) has broken through its recent trading ceiling, climbing to a six-month high of $3,463. This marks an 8.4% rise in just 24 hours, driven by record-breaking spot Ethereum ETF inflows and mounting institutional interest. As of early Thursday, ETH traded at $3,436—its strongest performance since mid-January.

Ethereum ETF Inflows Fuel the Surge

The catalyst for this sharp move was an unprecedented wave of investor capital into U.S.-listed spot Ethereum ETFs. According to data from Farside Investors, Wednesday saw total net inflows of $726.74 million, surpassing the previous record of $428 million set in December 2024 by nearly 70%.

BlackRock’s iShares Ethereum Trust (ETHA) led the charge with $499 million in inflows, followed by Fidelity’s FETH, which pulled in $113 million. With over $2.27 billion flowing into ETFs this month alone, July has officially become the best month for ETH ETFs since their inception.

Collectively, these ETFs now hold more than 5 million ETH, representing over 4% of the circulating supply. On Wednesday alone, ETFs absorbed nearly 107 times the amount of ETH issued by the network, significantly tightening supply and reinforcing upward price pressure.

Corporations Ramp Up Ethereum Holdings

Beyond ETFs, institutional demand has manifested through direct acquisitions. Data from the Strategic ETH Reserve reveals that corporate treasuries now hold over $5.33 billion worth of ETH, equivalent to 1.33% of the total circulating supply.

June saw a remarkable $1.6 billion in ETH added by corporations, with SharpLink Gaming emerging as a top buyer. In the past 24 hours alone, the company purchased an additional $68 million worth of ETH, raising its total weekly acquisitions to $343 million, according to Lookonchain.

Other key players include World Liberty Financial, which acquired $5 million in ETH on Wednesday at $3,266, and BitMine Immersion Technologies, now boasting holdings over $500 million.

Ethereum Foundation Activity and Market Sentiment

Adding to the market buzz, the Ethereum Foundation transferred 1,000 ETH ($3.15 million) between internal wallets this week, according to on-chain data from PeckShieldAlert. Though not a market sale, such movements are closely watched by traders for potential implications on liquidity and future development funding.

Interestingly, another major whale—Trend Research—deposited 48,900 ETH ($150 million) to Binance, possibly signaling a sell-off. However, analysts remain cautiously optimistic, noting that large inflows and broader adoption trends are counterbalancing short-term sell pressure.

Altcoin Market Rallies Behind Ethereum

Ethereum’s strength has spilled over into the broader altcoin market. In the last 24 hours:

• XRP surged by 7.6%
• Dogecoin (DOGE) rose 6.9%
• Solana (SOL) gained 5.2%
• BNB, Cardano (ADA), and Tron (TRX) each climbed between 3.2% and 3.5%

This pattern suggests renewed investor risk appetite and growing confidence in altcoin diversification strategies.

Technical Outlook: Overbought, But Bullish

Ethereum’s technical indicators reflect strong momentum. The token currently trades above its short- and medium-term moving averages, and has broken through the upper limit of its Bollinger Band—a sign of heightened volatility and rapid gains.

However, the RSI (Relative Strength Index) now sits above 70, placing ETH in the “overbought” territory. This could prompt short-term corrections or profit-taking before the next leg higher.

If ETH maintains momentum, analysts believe it could test $3,500 next. But failure to hold above $3,300 could trigger a brief consolidation phase.

Price Predictions and Trading Strategy

Prominent analyst Michaël van de Poppe recently forecasted a climb to $4,000, suggesting traders view pullbacks as buying opportunities. Support lies at $3,200, with stronger levels near $3,000. Traders should monitor ETF inflows, whale wallet activity, and volume spikes for real-time entry points.

With ETH outperforming Bitcoin and gaining traction across corporate treasuries, the bullish case remains intact. As long as macro conditions remain favorable and institutional interest continues, Ethereum appears well-positioned to reclaim higher price levels in Q3 2025.