Ethereum Breaks Through $3000
On July 11, 2025, Ethereum briefly surpassed the $3000 mark for the first time since early February this year, with a daily increase of over 8%. This event has garnered widespread attention in the market. Here is a related introduction to the event:
Reasons for the Rise: ETF Fund Inflows: Continuous net inflows into Ethereum ETFs mean more funds are entering the market to purchase assets related to ETH. In June, the fund inflow into Ethereum ETFs reached $1.17 billion, directly increasing the demand for ETH.
Stablecoin Ecosystem Drive: The active issuance of stablecoins on the Ethereum network serves as a cash engine on the chain, driving continuous demand for ETH block space and ensuring liquidity within the Ethereum ecosystem. On June 26, the adoption rate of Ethereum-based stablecoins reached an all-time high, with over 750,000 weekly unique users. At the same time, stablecoins play an important role in trading and lending, with the active loan amount on Ethereum lending protocols reaching $22.6 billion, also a record high.
Favorable U.S. Policies: The U.S. 'GENIUS Act' and 'CLARITY Act' have drawn attention, with the shift in U.S. crypto policy providing a more favorable development environment for various projects within the Ethereum ecosystem.
Official Strategic Adjustment of Ethereum: On July 10, the Ethereum Foundation announced a restructuring of its ecosystem development strategy, focusing on four key areas: corporate relations, developer growth, application research, and founder support, aimed at expanding the Ethereum user base and enhancing the resilience of its technical and social infrastructure, boosting market confidence in Ethereum.
Institutional Investors Optimistic: An increasing number of companies are treating ETH as treasury assets, strengthening Ethereum's position as 'digital gold' in asset allocation.
Market Impact: Boosting Crypto Market Sentiment: Ethereum's breakthrough above $3000 has significantly warmed the overall crypto market sentiment, with Bitcoin also rising, and other altcoins showing signs of activity, increasing market vibrancy.
Improving Ethereum's Market Cap Ranking: According to data, Ethereum's market capitalization rose to $361.68 billion, surpassing SAP, and ranking 35th in global asset market value, further consolidating its position in the blockchain field.
Triggering Expectations for Altcoin Season: As a bellwether for altcoins, Ethereum's strong price performance has sparked market expectations for the arrival of altcoin season.