The post Ethereum (ETH) Price: July Sets Record for Institutional Accumulation as ETH Tests $3,600 appeared on BitcoinEthereumNews.com.

TLDR ETH price currently around $3,600, after bouncing 8% this week Daily transactions hit all-time high of 1.74 million on August 5th Corporate Ethereum holdings increased 127.7% in July to over 2.7 million ETH Analysts predict $10,000 price target is “inevitable” following ETF approvals Next key price level is $3,817, with break above potentially flipping market sentiment Ethereum continues to show strength in the crypto market as it teases the $4,000 mark. The second-largest cryptocurrency by market cap is currently trading at $3,621.30, having bounced nearly 8% this week and reclaiming over 80% of last week’s pullback after reaching a local high of $3,941. The recent price movement comes after a classic market shakeout that saw a 10% dip, triggering a $10 billion Open Interest flush with over $1 billion in realized profits. This pattern cleared leverage and removed weak hands from the market, allowing ETH to rotate back into its trading range. On-chain metrics show that while open interest is slightly falling, the funding rate remains positive, indicating that traders maintain a bullish outlook. Large wallets have added over $1.2 billion in ETH since ETF rumors gained traction, adding fuel to price predictions. Analysts are now looking beyond the current price level, with many suggesting that reaching $10,000 is no longer a question of “if” but “when.” According to analyst Ted (@TedPillows), the next key level to watch is $3,817, and a break above could dramatically shift market sentiment. $ETH trading within top range. Would like to see momentum into the highs again. With enough momentum we can send Ethereum to $4,000. pic.twitter.com/lGSXHbgIYG — Ted (@TedPillows) August 6, 2025 Daily trading volume is down 9%, yet ETH remains comfortably within its recent high range. If Ethereum clears the $3,817 hurdle, momentum could carry it toward $4,000 and potentially to…

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Filed under: News - @ August 8, 2025 11:34 am