As of July 16, 2025, Ethereum ($ETH ) continues its strong performance, achieving a daily growth of 10.68%, after its price touched $3,390. This remarkable performance reflects a clear shift in investor sentiment towards Ethereum, especially as it outperforms Bitcoin in terms of growth rate and trading volume, enhancing its position as a key player in the current bullish cycle.
This momentum is primarily attributed to a significant increase in institutional demand, with over 550,000 ETH purchased within one month, including 91,330 ETH acquired in just one week by SharpLink Gaming, reflecting intense movement from whales and institutions towards the currency.
At the same time, flows from exchange-traded funds (ETFs) contributed to raising liquidity levels, while technical analyses showed strong support at levels of $2,850 and $3,000. Forecasts indicate that breaking resistance between $3,290 and $3,470 could pave the way for reaching levels of $3,800 to $4,000 in the short term, with the possibility of exceeding $5,000 if momentum continues and institutional flows keep rising.
It is noted that the highest level ETH reached in its history was $4,878 in November 2021, and the market is expected to make a serious attempt to break this record in the current cycle, supported by increasing institutional demand and rising confidence in the Ethereum ecosystem.
