Ethereum Rallies 10% as Treasury Demand and ETF Flows Reignite Market Momentum
Ethereum surged 10% on Wednesday, flipping its year-to-date performance into positive territory as renewed demand from ETFs and corporate treasuries drove prices higher. The move came amid broader strength in crypto markets, with Bitcoin reclaiming the $120,000 level.
ETH crossed above $3,400, marking a 2% gain for 2025 and a 22% rally over the past seven days. Bitcoin followed suit, climbing 2.5% on the day, buoyed by strong buy-side interest between $116,000 and $118,000. On-chain analytics from Glassnode show that over 196,600 BTC — worth more than $23 billion — changed hands near recent lows.
Spot Ethereum ETFs are driving much of the action. According to Anagram’s David Shuttleworth, ETH ETFs brought in $900 million in net inflows last week and are already halfway to exceeding $1 billion this week, with $450 million registered in the first two trading days.
Institutional appetite for ETH is also ramping up through corporate treasuries. Sharplink Gaming (SBET) disclosed a 74,000 ETH purchase, while Bitmine Immersion Technologies (BMNR) revealed a $500 million ETH acquisition — moves that reflect growing confidence in Ethereum as a treasury reserve asset.
As ETF-driven flows pick up and capital rotates into altcoins, Ethereum is reclaiming leadership status in the current crypto cycle, while Bitcoin’s consolidation supports further upside.
