#ETHBreaks3700
Ethereum ($ETH ) has surged dramatically since April, climbing over 40% in July to trade above $3,700, supported by record-setting institutional inflows into spot $ETH ETFs . Its market capitalization has grown by roughly $150 billion in under three weeks, now approaching $515 billion .
📈 What’s Driving Ether’s Rally?
Institutional ETF Inflows: U.S. spot $ETH ETFs have attracted more than $2 billion in July, with single-day inflows over $720 million . BlackRock, Fidelity, and Grayscale are leading buyers .
Historic sort Squeeze: Massive liquidations—over $136 million in shorts in just 24 hours—have pushed ETH higher .
Corporate Treasury Interest: Public companies like BitMine Immersion and SharpLink Gaming are deploying large treasury allocations in ETH and staking to generate yield .