Ethereum is on an absolute tear. The world’s second-largest cryptocurrency just logged its best weekly performance in three years, surging more than 26% in seven days. Let that sink in. Nine straight days of gains pushed ETH to $3,812 – its highest point since last December.
Ethereum smashes records with explosive 26% weekly surge, marking its strongest performance since 2021 as prices rocket past $3,800.
This isn’t your typical crypto pump. Institutions are finally diving in headfirst, with one whale casually dropping $50 million on ETH like it’s pocket change. With $2.18 billion in ETF inflows last week alone, major financial players who’ve been sitting on the sidelines are now scrambling to get their slice of the pie, driving prices through multiple resistance levels. The price surge mirrors the momentum seen during the Berlin update which significantly reduced transaction costs. Unlike other networks, Ethereum‘s proof-of-stake system ensures energy-efficient transaction processing.
The numbers tell a compelling story. More than 30% of all ETH is now locked in staking – yeah, that’s a lot of supply off the market. Ethereum isn’t just some speculative toy anymore; it’s powering 60% of tokenized real-world assets. That’s real utility, folks. The network has become digital oil, fueling everything from L2 blockchains to institutional stablecoins.
What’s next? Analysts are throwing around some wild numbers. $4,000 by month’s end seems conservative at this point. Some are eyeing $10,000+ by year-end, with longer-term projections reaching for $15,000 to $18,000 in 2025. Sure, these predictions might sound crazy, but remember when $3,000 seemed impossible?
The broader crypto market is booming, recently crossing the $4 trillion mark. But ETH isn’t just riding the wave – it’s leading the charge. After months of watching memecoins steal the spotlight, Ethereum is back with a vengeance. Traditional finance is betting big on Ethereum’s infrastructure, launching tokenized products and deepening their involvement in the ecosystem.
This rally feels different. It’s not just retail traders gambling on green candles. There’s serious money flowing in, backed by fundamental network growth and real-world adoption. The deflationary mechanics of ETH, combined with staking yields and institutional demand, are creating a perfect storm. And we might be just getting started.
