Ethereum $ETH is enjoying a major surge in institutional momentum as U.S. spot Ether ETFs attracted a record $5.43 billion in inflows during July, propelling $ETH
up 48.8% for the month and reclaiming territory above the $3,800 level . Corporate treasuries are joining the fray too: Galaxy Digital transferred 23,314 ETH (~$88 million) into a new wallet, contributing to nearly $2.89 billion in ETH accumulation by select entities at average prices around $3,510–3,805 , while The Ether Machine announced a $57 million ETH purchase (~15,000 ETH) as part of a broader strategy to build a public on-chain treasury tied to its planned Nasdaq listing . On the tech side, Ethereum’s Pectra upgrade, activated in May 2025, is rolling out over a dozen EIPs that expand smart-contract capabilities—such as enabling contract-like functionality in traditional wallets—and mark the next evolution following the Dencun/Bellatrix upgrades .