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Here's a summary of the latest Ethereum news based on recent developments:

Price Surge and Market Performance: Ethereum (ETH) has recently surpassed the $3,000 mark, trading around $3,250 as of July 16, 2025, marking its highest level since early 2024. This surge, up over 24% in some reports, is driven by strong institutional backing, including significant inflows into U.S. spot Ethereum ETFs, which recorded $383 million in daily cash inflows on July 11, 2025. The price rally has also led to over $246 million in liquidations, primarily affecting short traders.

Corporate Treasury Accumulation: SharpLink Gaming, backed by Ethereum co-founder Joseph Lubin, has significantly increased its Ethereum holdings, now owning over 270,000 ETH (approximately $675 million). The company recently acquired 16,374 ETH for $48.85 million and plans to stake and restake its holdings to generate yield and support Ethereum’s network security. BitMine Immersion also boosted its treasury to 163,000 ETH ($500 million), doubling its initial $250 million investment.

ETF and Institutional Interest: Ethereum ETFs continue to see strong institutional demand, with an eight-week streak of net inflows reported as of July 9, 2025. Analysts predict up to $10 billion in inflows for U.S.-based spot Ethereum funds in the second half of 2025. Additionally, Trump Media and Technology Group filed for a "Crypto Blue Chip" ETF that includes Ethereum alongside Bitcoin, Solana, XRP, and Cronos.

Technical and Market Analysis: Technical analysts note Ethereum’s bullish momentum, with a "bull flag breakout" suggesting a potential target of $3,834. The cryptocurrency is forming higher lows on weekly charts, indicating sustained buyer strength. However, hedge funds have built a $1.73 billion short position on ETH CME contracts, employing basis trade strategies to capitalize on the rally.

Bold Price Predictions: EMJ Capital’s Eric Jackson forecasted Ethereum could reach $1.5 million per token.