Ethereum jumps back to $ 3,000 by 8%
Ethereum rose by 8.4% in the last 24 hours and achieved $ 3.010, since the interest in old coins after the explosive rally from Bitcoin increased again.
The movement marks an important technical and psychological milestone for ETH, with several catalysts coming together to promote upward dynamics.
Bitcoin outbreak triggers capital rotation
The increase from Bitcoin to a new all -time high of $ 118,500 on July 11th fueled the mood on the entire cryptomarkt. The daily profit of 6.4% triggered a wide old coin rotation, at the front of Ethereum. Market observer, including the former Bitmex CEO Arthur Hayes, interpreted price development as the beginning of a “monster-old season”, with ETH being positioned as one of the main professionals.
The strength of Ethereum compared to Bitcoin was confirmed by the breakthrough of ETH/BTC by an important resistance mark for 2025. This technical breakthrough has encouraged dealers to increase their commitment to ETH in anticipation of further profits.
Short liquidations reinforce upward pressure
A massive liquidation that wiped out short positions of $ 215 million increased the upward movement. When Ethereum exceeded important level of resistance, the empty sellers were forced to buy their positions back, which further accelerated the rally.
Together, these factors have positioned Ethereum for a continuing upward trend, with growing speculation that Ethereum could lead the next phase of the crypto upward cycle.
Institutional tributaries return to Ethereum ETFs
The rally was driven by a dramatic resurrection of the institutional interest about stock markets traded. The Ethereum-Spot-ETF ETHA from Blackrock recorded net inflows of $ 300 million on July 10th-the highest value in one day since December 2024. In total, the Ethereum ETFs listed in the USA recorded tributaries of $ 383 million and thus returned the refuses observed in May.
The sudden increase in ETF inflows signals new trust in institutional investors and marks a decisive turning point for the market structure of Ethereum.
