ETH Crosses $3K—Crypto Summer Begins?
Posted: Sat Jul 12, 2025 5:49 am
Hey everyone,
Ethereum has officially crossed the $3,000 mark, and it's doing so with serious strength. After weeks of consolidating below resistance, ETH has surged past the $2,850–$2,900 zone, backed by a noticeable rise in trading volume. A lot of analysts are starting to ask: has Crypto Summer officially begun?
One major factor driving the price is institutional demand. Spot Ethereum ETFs have seen large inflows in recent days, with hundreds of millions pouring into the space. That’s not short-term trading—it’s long-term positioning by major players who are betting on ETH as a foundational layer of Web3 infrastructure.
On-chain metrics also look promising. Open interest in ETH derivatives has surged, and accumulation by long-term holders is at an all-time high. Large wallet addresses continue to grow, and network activity is picking up—not just on mainnet, but across Layer 2s as well. It feels like we’re entering a phase where fundamentals are starting to align with price action.
From a technical standpoint, Ethereum has broken out of a multi-week range and is showing signs of establishing a new support zone above $3,000. If it can maintain momentum and flip previous resistance into solid support, many are eyeing $3,400 to $3,600 as the next targets. Daily RSI levels are getting higher, but not yet in extreme territory, leaving room for more upside.
With the broader market also turning bullish, Ethereum seems to be leading the altcoin pack. Bitcoin has been strong, but ETH is starting to look like it’s ready to outpace it—at least in the short term.
What’s your take? Is this just a temporary pump, or the real start of a broader altcoin season? Will Ethereum hold $3K, or is it too early to call it a breakout?
Let’s hear your thoughts!
Ethereum has officially crossed the $3,000 mark, and it's doing so with serious strength. After weeks of consolidating below resistance, ETH has surged past the $2,850–$2,900 zone, backed by a noticeable rise in trading volume. A lot of analysts are starting to ask: has Crypto Summer officially begun?
One major factor driving the price is institutional demand. Spot Ethereum ETFs have seen large inflows in recent days, with hundreds of millions pouring into the space. That’s not short-term trading—it’s long-term positioning by major players who are betting on ETH as a foundational layer of Web3 infrastructure.
On-chain metrics also look promising. Open interest in ETH derivatives has surged, and accumulation by long-term holders is at an all-time high. Large wallet addresses continue to grow, and network activity is picking up—not just on mainnet, but across Layer 2s as well. It feels like we’re entering a phase where fundamentals are starting to align with price action.
From a technical standpoint, Ethereum has broken out of a multi-week range and is showing signs of establishing a new support zone above $3,000. If it can maintain momentum and flip previous resistance into solid support, many are eyeing $3,400 to $3,600 as the next targets. Daily RSI levels are getting higher, but not yet in extreme territory, leaving room for more upside.
With the broader market also turning bullish, Ethereum seems to be leading the altcoin pack. Bitcoin has been strong, but ETH is starting to look like it’s ready to outpace it—at least in the short term.
What’s your take? Is this just a temporary pump, or the real start of a broader altcoin season? Will Ethereum hold $3K, or is it too early to call it a breakout?
Let’s hear your thoughts!