Latest Update – July 11, 2025
Ethereum has officially broken above the key $3,000 level, touching a high of $3,029.55, jumping 8.8% in just 24 hours. This is the first time ETH has hit this level since February, and it now looks set for more upside.
What’s Driving the Price Up?
1. Big Players Are Buying
In the first week of July alone, $300 million flowed into ETH ETFs. Also, large wallets (known as whales) picked up over 127,000 ETH worth about $358 million. This shows strong trust from big investors.
2. Strong Technical Setup
ETH pushed through the resistance at $3,000 easily. There’s support now around $2,750, and the charts show high buying interest. While the market is a bit cautious, momentum is still strong.
3. Network Activity Growing Fast
Ethereum’s total value locked (TVL) has jumped from $50 billion to $73 billion. On top of that, layer-2 networks like Arbitrum and Optimism are growing 15–20% every week — this means the ecosystem is getting more users and more real usage.
What’s Next for ETH?
Now that ETH is holding above $3,000, traders are watching the next key zones:
Short-Term Target: $3,200
Mid-Term Goal: $4,287 (previous cycle high)
But be careful — there’s still risk. Over $147 million in short positions were liquidated, and large wallets are actively moving coins. For example, one wallet linked to Arthapala moved 108,000 ETH recently.
Smart Trading Tips
Don’t FOMO — Wait for dips or small pullbacks to enter
Consider scaling in instead of going all in at once
Explore Layer-2 tokens connected to Ethereum, as they may benefit from this momentum
What’s the Community Saying?
The mood is clearly positive. A huge 88% of traders and investors remain bullish on Ethereum, mainly because of:
Strong ETF inflows
Whale accumulation
Growth in the Ethereum ecosystem
People are feeling confident that Ethereum is preparing for another big move in the months ahead.
Bottom Line
Ethereum’s break above $3K is a strong signal. Big money is flowing in, network growth is picking up, and market confidence is high. If ETH holds above $2,750, this could just be the beginning of a bigger rally.