Ether coin breaks through the $3,600 barrier! ETF funds surge, technical breakthroughs, and institutional buying come together.

In just 24 hours, Ether (Ethereum, ETH) has surged over 7.6%, reaching a price of $3,614, setting a new high in recent months. The driving forces behind this rally include a substantial influx of ETF funds, a technical breakthrough of key resistance levels, and large-scale purchases by multiple institutions. Market sentiment has shifted from pessimistic to optimistic, and whether ETH can sustain this strong rebound has become the focus of investors' attention.

Institutions Go on a Buying Spree: ETH Funds Flow into ETF and Corporate Treasuries

The spot ETH ETF from the United States absorbed over $192 million in funds on July 15 alone, with the ETHA ETF under BlackRock contributing as much as $171 million in inflows, indicating that large asset management companies are actively deploying Ether.

Not only did the ETF perform well, but companies are also joining the race for coins. Online gaming company SharpLink Gaming purchased 91,330 ETH (approximately $275 million) in the past seven days, while the well-known crypto wallet addresses "0x9684" and "0x35fb" have swept over $400 million in ETH across multiple exchanges.

In addition, BitMine Immersion Technologies has publicly held over 1 billion dollars worth of ETH after completing a 250 million dollar private placement, showing that ETH is gradually becoming part of corporate asset allocation.

Technical breakout: Key price level breached, bullish momentum surging.

Technical analysis also supports this pump. ETH successfully broke through the short-term high of $3,521.69 and, based on Fibonacci extension targets, is expected to challenge $3,903.85 (127.2% extension range).

Despite the strong momentum, technical indicators also remind investors to remain cautious. The RSI-7 reached 93.74, indicating that the market is in an extremely overbought state, which historically often occurs before a short-term pullback. Additionally, the MACD histogram reached +80.26, reflecting strong bullish momentum; however, it may face profit-taking risks as it approaches the technical resistance level near $3,980.

Policy Assistance: Nasdaq and SEC Actions Boost ETH Confidence

In addition to capital and technical aspects, regulatory news has also played a role. Recently, Nasdaq submitted a proposal to the SEC allowing ETH ETF to engage in staking, which could create an additional source of income for ETF investors and attract more long-term holders to enter the market.

At the same time, the U.S. Securities and Exchange Commission (SEC) has recently shifted its regulatory stance towards the cryptocurrency industry, releasing more signals of exemptions and clearer classifications, providing greater assurance for the asset positioning and legitimacy of ETH.

The dominance of ETH relative to Bitcoin (ETH/BTC) has also risen to 0.0283, reaching a new high since March 2025, further indicating that funds are beginning to shift from Bitcoin to alternative coins (Altcoins) with more growth potential.

The three major driving forces are synchronously exerting their power, does ETH still have short-term endurance?

Overall, the recent breakthrough of ETH has been driven by three main factors: the influx of institutional funds, the breakout of technical patterns, and favorable policy news. However, the short-term technical indicators being overheated also remind the market that it may face temporary consolidation or pullback.

Investors should pay attention to whether Bitcoin's renewed challenge of the $120,000 mark will siphon off market funds and affect the pump of ETH driven by this wave of ETFs. This will be an important indicator to observe for the future market.

This article discusses Ether breaking through the $3,600 barrier! With ETF funds pouring in, technical breakthroughs, and institutions hoarding coins, three arrows are launched simultaneously. First appeared on Chain News ABMedia.