Ethereum's trajectory takes a turn as Hashkey Capital sells off 12,000 ETH, landing the cryptocurrency in an "intriguing spot"
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Ethereum (ETH) is currently trading near $3,880, with a market cap of $461.87 billion, according to data from major cryptocurrency exchanges. The digital currency is showing a strong performance, with a 24h volatility of 1.6% and a trading volume of $30.75 billion in the past 24 hours.
The current momentum is driven by institutional investors who have been pouring money into Ethereum Exchange-Traded Funds (ETFs) in July 2025. Approximately $3.2 billion has been invested in Ethereum ETFs this month alone, contributing to a $150 billion surge in Ethereum’s market cap during the month. This represents a marked acceleration compared to previous months and years, showing heightened institutional confidence amid broader market volatility.
Spot Ethereum ETFs recorded $5.41 billion in net inflows in July 2025, surpassing the combined inflows of the prior 11 months (around $4.21 billion). The total assets under management in Ethereum ETFs reached about $21.6 billion, roughly 4.75% of ETH’s market cap.
Leading financial firms such as BlackRock and Fidelity have introduced ETH-based products that provide physical ETH exposure, facilitating integration of Ethereum into institutional portfolios. BlackRock’s Ethereum ETF alone had daily inflows of $132 million on July 14, 2025, eclipsing Bitcoin ETF flows during that timeframe.
At least 60 publicly traded companies now hold Ethereum on their balance sheets, collectively amounting to approximately 2.57 million ETH valued near $10 billion. This reflects substantial corporate treasury accumulation at twice the scale of Bitcoin’s treasury growth, with reserves growing exponentially since May 2025.
Institutional sentiment is overwhelmingly bullish, with surveys showing 87% of institutional investors and wealth managers expecting increased flows into Bitcoin and Ethereum ETFs over the next year, and none predicting declines. The approval of spot ETFs provides regulated, simpler avenues for institutions to gain ETH exposure.
Ethereum is currently testing the 0.032 resistance level on the ETH/BTC pair. The MACD line is still above the signal line and in positive territory, indicating a bullish trend. However, the histogram on the MACD has recently started dropping, suggesting slowing momentum. In case of a steep price drop, the support level near $3,200 could act as a strong buying zone. If ETH manages to close daily above the $3,940 resistance zone, a rally to $4,100 could be expected.
A wallet associated with Hashkey Capital deposited 12,000 ETH, worth around $47.18 million, to OKX. A potential near-term support for ETH could be found at $3,430, which is the mid-band (20-day SMA). The RSI on the ETH chart is indicating overbought territory and a potential pullback.
It's worth noting that SharpLink Gaming revealed a massive $295 million ETH purchase, adding to the strong institutional and whale appetite for Ethereum. However, the article does not contain any new information about specific ETH purchases or inflows into crypto ETPs.
In conclusion, Ethereum is experiencing a pronounced institutional buying wave fueled by ETF inflows, corporate treasury acquisitions, and public company holdings. This momentum is reinforced by major asset managers launching ETH products and broad institutional confidence reflected in survey data. The scale of accumulation—running into billions of dollars and millions of ETH—indicates Ethereum’s growing acceptance as a core institutional asset in 2025.
[1] CoinDesk [2] Bloomberg [3] The Block [4] Grayscale
Investors have significantly increased their investments in Ethereum Exchange-Traded Funds (ETFs), with approximately $3.2 billion invested in Ethereum ETFs in July 2025 alone, according to reports. Leading financial firms such as BlackRock and Fidelity have introduced ETH-based products that provide physical ETH exposure, indicating a growing interest in financing Ethereum within institutional portfolios.
