$ETH
Ethereum (ETH) Soars Past $3,300 as Wallet Holders Hit All-Time Highs
Ethereum (ETH) surged above $3,300 today on Bitstamp, reaching a high of $3,371 — its strongest level since Feb. 1 — with a 7% daily gain.
The leading altcoin has significantly outpaced Bitcoin over the past 48 hours. The ETH/BTC pair skyrocketed by 15%, surpassing the 0.028 BTC mark for the first time since February.
Analytics platform Lookonchain reported that a large whale recently exited all ETH short positions before liquidation, racking up a staggering $8.4 million loss in just one day. In total, over $56 million in ETH shorts have been liquidated in the past four hours, per CoinGlass.
📊 Record Holder Count Santiment data shows Ethereum is breaking new ground with over 152 million non-empty wallets, the highest of any crypto network. Since June 22, ETH’s price has climbed more than 50%, reaching levels not seen since January.
🏢 Rising Institutional Interest Institutional adoption continues to build. Public company SharpLink has become the largest corporate ETH holder, accumulating over 280,000 ETH. Meanwhile, BlackRock’s ETHA ETF attracted $171 million in inflows just on Tuesday, according to SoSoValue.
📉 Macro Tailwinds The rally was bolstered by cooler-than-expected U.S. Producer Price Index (PPI) data for June, increasing expectations that the Federal Reserve will cut interest rates soon.
While all top 10 cryptocurrencies are in the green, Ethereum stands out as the top performer — driven by bullish momentum, surging adoption, and strong macro signals.
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