After trading as low as $2,378 in the monthly time frame, Ethereum has managed to surpass the long-anticipated mark of $3,600, and after a surge of more than 60% it is now trading just below the mark of $4,000.
However, the bullish momentum in the prices of Ethereum is attributed to the growing interest of institutions and the clarity over digital assets and cryptocurrencies globally.
According to the data from CoinMarketCap, over the past 24 hours, Ethereum prices are up by 3.05%, have grown 2.99% in the past 7 days, and have risen 60.56% in a month. An X post from Lookonchain dated July 28, 2025, SharpLink Gaming has bought another 77,210 Ether and now it holds 438,017 Ethereum valued for nearly $1.72 billion.
It has also been reported that GameSquare, a digital media company with an Ether treasury strategy, announced last Thursday that it has bought $5.15 million worth of rare CryptoPunk NFTs of the preferred shares.
Back-to-back buying of Ethereum by SharpLink Gaming has now portrayed it as MicroStrategy in Ether buying, and companies like Bit Mine and Bit Digital have also launched their plan to acquire ETH as a primary treasury reserve.
Ethereum eyeing to mark the much anticipated mark of $4,000
When writing Ethereum the 2nd most prominent crypto of the market is exchanging hands at $3,889, in the past 24 hours it traded highest at $3,940 and lowest at $3,740, in this frame it managed to trade quite close to $4,000 raising speculation and debates in the wider market of its soon sitting just near to $4,200.
Source: TradingView
Yet the Ethereum volume has shown a moderate and steady trading activity with occasional spikes during the bullish momentum. The brief correction in the volume during price correction hints at a profit booking or short-term selling. The volume trend supports the ongoing bullish structure, but the sustained momentum will require a fresh rise in the buying volume to push Ether above the mark of $3,900.
Since the last couple of trading sessions, Ethereum market capitalization has maintained the upwards trajectory, rising from $420 billion to $470 billion, solely supported by the higher highs and consistent support near the moving average.
Source: TradingView
The market cap has peaked near to $470 billion, indicating strong investor confidence despite minute corrections.
Data available on TradingView states that the market cap of Ether is up by 3.38% in the past 7 days and has added more than 60% in the monthly time frame; however, in a quarter, the cap is up by more than 114% and when writing, it was $469.85 billion.
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