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- Ethereum hits $4,403, up 23.64% in the last week, driven by network upgrades and growing institutional adoption.
- Pectra upgrade boosts staking flexibility and cuts Layer-2 costs by 90%, enhancing Ethereum’s scalability.
- Strong inflows into Ethereum ETFs and rising whale activity are fueling price growth amid favorable legal support.
Ethereum (ETH) is currently trading at $4,403 with a 2.99% gain in the last 24 hours. The cryptocurrency recorded a trading volume of $48.35 billion, an increase of 13.02%. During the last 7 days, ETH has increased by 23.64%. These advantages are facilitated by market dynamics, institutional adoption, and upgrades.
Source: CoinMarketCap
Ethereum Surge Driven by Network Upgrades
An analyst at CryptoQuant highlighted that Ethereum has bounced back to a price of $4,400, and it is near its all-time high (ATH) of $4,867.17, achieved in November 2021. This increase follows Ethereum’s decline in value compared to Bitcoin in early 2025. With ETH rising, market analysts are keeping a close watch on the coin as it enters the possibility of hitting the ATH.
A major reason behind this growth has been the network upgrades of Ethereum. Ethereum launched the Pectra upgrade on May 7, 2025, which enhanced the flexibility of staking and increased validator rewards.
Additional features such as EIP-7251 raised the maximum validator balance to 2,048 ETH. Account abstraction was improved with EIP-7702. These improvements have lowered Layer-2 costs by up to 90 percent as well, which has enhanced scalability and efficiency in the network.
Institutional adoption is one of the primary factors contributing to Ethereum’s price increase. Exchange-traded funds (ETFs), which are based on Ethereum, have had strong inflows since their launch in July 2024, with one week reporting inflows of $2.18 billion. As of July 2025, there have been over $117 billion worth of Ethereum ETFs. As the number of institutions in the market increases, the demand for ETH will keep rising its price.
Source: X
Also Read: Ethereum Reserve Expansion Sees FG Nexus Deploy $200M in ETH
Whale Influence and U.S. Crypto Law Strengthen Ethereum’s Price
Ethereum has also been gaining price due to the whale activity. Firms such as Bitmine Immersion Technologies by Tom Lee have already purchased 1.2 million ETH units. This institutional purchasing, coupled with depleting exchange reserves, led to unbalanced supply and demand and sent prices higher.
Ethereum has an enabling legal environment. Investor confidence has been strengthened by the settlement of the Ripple-SEC case as well as the U.S. Crypto Law of 2025 and an executive order issued by President Trump permitting crypto investments in 401(k) plans. Moreover, the MiCA platform in Europe makes things clear to the institutional participant.
Ethereum is experiencing a possible short squeeze. Binance open interest in Ethereum exceeds $10 billion, and short positions increased 500% since November 2024. A short squeeze might cut the Ethereum to new heights with an increase of 40% in the last week. In case this bullish trend persists, ETH can experience a parabolic rise in price.
Also Read: Bithumb Tightens Coin Lending Rules as Regulators Target Excessive Crypto Leverage
