Bitcoin keeps pushing new highs, Ethereum is quietly staging a strong comeback of its own. The price has broken above $3,000, and ETF inflows are picking up at a pace we haven’t seen before. On top of that, more and more big companies are starting to accumulate ETH, signaling long-term confidence in the network.Â
In this article, we’ll break down what’s driving Ethereum’s current momentum — and the key price levels to keep an eye on next.
Market Overview on July 11
Today, July 11, Bitcoin is on a strong run, breaking into fresh highs and currently trading around $118,000, with no real signs of slowing down. If the price keeps climbing without a short pullback, the next potential resistance zone to watch sits somewhere between $122,750 and $128,550.
Source: TradingView
As discussed in the article “Why Is Crypto Market Up Today?”, BTC continues to show strong signs of bullish momentum. That said, before the uptrend continues, there’s still a chance we could see a backtest to the support area around $111,730—a level where buyers might find a safer entry. Alongside BTC’s move, Ethereum (ETH) is also seeing a solid recovery, giving investors more confidence in the potential for further upside.
Learn more: What is Ethereum?
ETH Overview on July 11
Ethereum Fundamental Analysis
Ethereum’s price jumped from $2,500 to $3,000 in just three days. Open interest climbed from $33 billion to $40.9 billion, while trading volume spiked from $40 billion to $111.9 billion compared to the day before. That’s a clear sign of growing investor confidence and improving market sentiment.
Source: CoinGlass
Total ETH liquidations also shifted notably after two days of strong upward movement. In the past 24 hours, the broader market saw over $1 billion in liquidations, mostly from short sellers. Short liquidations alone dropped from $204 million to just $24 million. As ETH pushed higher, overleveraged shorts quickly got squeezed, fueling even more momentum in the rally.
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ETH ETF Inflow
Ethereum ETFs have now recorded eight consecutive weeks of inflows, averaging around 61,000 ETH per week. In terms of growth rate, ETH ETFs are currently outpacing Bitcoin. Yesterday, ETH ETF inflows hit $211.3 million. Today, that figure climbed even higher to $383.1 million.
Source: CoinGlass
Robinhood Rolls Out ETH Staking in the U.S.
Robinhood has officially launched Ethereum staking services for U.S. users. Rewards range between 50% and 100%, depending on network conditions and applicable fees. Notably, the platform won’t charge any staking commission until October 1, 2025. After that, a 25% fee on staking rewards will apply. The service is currently unavailable in California, Maryland, New Jersey, New York, and Wisconsin.
Source: Robinhood
Percentage Of Total ETH Supply Staked Is Standing At All Time High
The percentage of staked ETH has just hit an all-time high, now sitting at 29.26%. That’s a clear sign of growing long-term confidence in Ethereum, as more investors are choosing to stake their ETH and earn rewards instead of chasing short-term trades.
Less ETH actively circulating, that shrinking supply could start putting upward pressure on the price, especially as ETF inflows into the crypto market remain strong.Â
Source:Theblock.co
Firms Are Putting ETH On Their Balance Sheets
It’s not just ETFs pulling in capital—businesses are starting to quietly build up Ethereum reserves too.
BitMine made waves this week by naming Tom Lee, the founder of Fundstrat, as its new Chairman and announcing a plan to set up a $250 million ETH treasury. Lee says he sees ETH hitting $10,000 this cycle
BitMine’s stock jumped over 3,000% after the news. With Lee now in the mix, the company’s ETH play is getting taken a lot more seriously.
BTCS, which is listed on Nasdaq, the company just said it’s putting $100 million into ETH. Their stock doubled after the announcement.
Meanwhile, Bit Digital—a company that used to mine Bitcoin—has completely shifted gears. In a recent interview, their CEO said the firm now holds 100,000 ETH and has exited BTC mining entirely. The focus now is staking, holding, and building what they claim is the biggest Ethereum treasury among all public companies.
Fidelity: Ethereum Looks A Lot Like A Digital Nation-State
Fidelity, the $4.9 trillion asset manager, recently shared a perspective that blockchains can be analyzed much like countries—and by that logic, Ethereum functions a lot like a real-world economy, with activity that resembles GDP.
Source: Flipside
Following the intense wave of FOMO around Bitcoin from the corporate world, we’re now starting to see a bit of a shift. Some companies and institutions are beginning to turn their attention toward Ethereum.
ETH Price Prediction
Ethereum’s been picking up steam right along with Bitcoin. Over the past two days, ETH has climbed 5.8% and 6.5%, breaking through the $2,822 resistance level and now heading toward the next key zone at $3,013.
What happens next? A quick pullback to retest $2,822 isn’t off the table—but if bulls stay in control, price might just keep going without much pause. If ETH can break above $3,013, we’re probably looking at the next targets around $3,301 or even $3,685.
Source: TradingView
If it doesn’t make it through, though, we could see some sideways action between $2,822 and $3,013 for a bit. A breakdown below that range might drag ETH down to the $2,678–$2,587 support area—or in a worst-case scenario, back to $2,380.
Conclusion
Investor Interest in Ethereum Is Back. From surging ETF inflows to major companies quietly stacking ETH on their balance sheets, the renewed interest isn’t just hype—it’s showing up in the data. While price action still has key levels to watch, the broader trend points to growing institutional confidence and a shift in momentum that’s hard to ignore.
