Ethereum is on a rise: Peter Thiel's fund takes a Heavy Position, igniting the market, institutions are betting on the ETF prospects, and ETH has broken through 3650 USD!

As the narrative in the Ethereum market seems to be overshadowed by Bitcoin (BTC), a strong institutional signal has reignited investor interest in ETH tokens. Peter Thiel's Founders Fund ( disclosed a 9% stake in Bitmine Immersion Tech, driving the stock price of this company, which has transformed into an Ethereum "treasury strategy" firm, to soar. This event triggered a chain reaction, significantly boosting market confidence in the long-term strategic value of Ethereum. Meanwhile, Robinhood launched tokenized US stocks in Europe, Bit Digital closed all positions in Bitcoin (BTC) to invest entirely in Ethereum (ETH), and Circle made progress on its listing and stablecoin legislation, collectively forming a favourable information environment for the ETH ecosystem. Ethereum's price rose over 8% in one day, with quarterly returns far exceeding those of Bitcoin. Although technical indicators show a potential short-term pullback (RSI overbought), the structural shift in the market is pushing ETH to become the core asset of this cycle.

)# Core Institutional Signal: Thiel Fund Bets on the Strategic Value of ETH

Just as the market enthusiasm for Ethereum (ETH) seems to quietly lag behind the spotlight on Bitcoin (BTC), a bold institutional signal has reignited investor interest. Recently, Bitmine Immersion Technologies, which has transitioned to an Ethereum "treasury strategy" company, saw its stock price soar after tech billionaire Peter Thiel's Founders Fund disclosed holding a 9% stake in it, identified by the fund number ###. This move unsurprisingly triggered a chain reaction among other companies with similar business models, clearly conveying the market's growing confidence in the long-term strategic value of Ethereum.

(# The ETH ecosystem is experiencing a full explosion: tokenization of assets, transformation of mining enterprises, and stablecoin legislation.

The recent enthusiasm of investors for Ethereum ETH is not an isolated event. On the contrary, it occurs against the backdrop of a broader wave of favorable information for Ethereum-related assets and infrastructure. This includes: online broker Robinhood's recent decision to launch tokenization services for U.S. stocks and ETFs for European users; Bitcoin mining company Bit Digital's recent close all positions of its entire reserve of 280 BTC, choosing to fully pivot towards Ethereum ecosystem development. Meanwhile, stablecoins have also become a focal point, thanks to Circle's successful IPO and legislative progress made by the U.S. Congress—specifically, the continued advancement of the Stablecoin Transparency Act )GENIUS Act ### in the Senate, which brings clarity to the Ethereum DeFi and stablecoin sectors.

(# Ethereum Price Trend Analysis: Strongly Leading the Rise, Technical Indicators Suggest Short-term Risks

Interestingly, market sentiment seems to be following closely behind. According to Gate data, as of July 18, the trading price of ETH reached $3,643.46, with a rise of 6.16% in the past 24 hours. The price of Ethereum has more than doubled in the past three months, and the consecutive rise from the previous day further reinforced the market view: Ethereum may be entering a new cycle of institutional validation. However, despite the strong rise of ETH, technical indicators suggest that a pullback may occur in the short term. This is because the relative strength index )RSI### is currently in the Overbought region, indicating that bullish momentum may soon encounter resistance.

(# Market Outlook: ETH's Dominance Becomes Prominent, Structural Changes in the Market

Nevertheless, Ethereum is clearly leading the market this quarter. With less than two weeks into the third quarter, ETH has achieved an 18.63% return from its quarterly opening price of $2,468, more than double the rise of Bitcoin during the same period. As pointed out by AMBCrypto, while Bitcoin's breakout may have triggered an overall risk appetite in the market, Ethereum's continued strong performance indicates a deeper change. This is a structural shift in market preference that is positioning ETH as a more dominant force in this cryptocurrency cycle.

)# Conclusion

The significant bets from Peter Thiel's fund, combined with the implementation of tokenization of traditional assets, the all-in transformation of mining companies, and the clarification of stablecoin regulations, are collectively injecting strong momentum into the Ethereum ecosystem. Although the short-term overbought condition of ETH price indicates a pullback risk, its demonstrated strong fundamentals and institutional recognition, especially its quarterly performance significantly surpassing Bitcoin, are driving the market to form a consensus: Ethereum is undergoing a structural value reassessment and is expected to play a core role comparable to or even exceeding Bitcoin in this cycle. Investors should closely monitor key indicators such as the progress of ETH spot ETF and the adoption rate of Layer 2 solutions.