On-Chain Momentum, ETF Hype, and Meme Mania Collide

Crypto News

Ethereum rallies near $2,970 amid ETF optimism, staking growth, and rising DeFi usage. Meme tokens like FloppyPepe add hype.

Ethereum Price Update: ETH Trading at $2,980 Amid Bullish Momentum

Source: Coingecko – Ethereum Price Chart

Ethereum (ETH) crossed $3,000 mark last July 12 and is currently trading at $2,980.62, up approximately 6.9% in the last 24 hours. This marks a strong recovery following recent consolidation around the $2,700–$3,000 range, setting the stage for a potential resumption of the bull trend.

The broader crypto market is also flashing green, with total market capitalization climbing above $2.2 trillion. Increased investor confidence and macroeconomic clarity are fueling a renewed appetite for digital assets.

Analysts point to resistance levels near $3,200 and $3,600—with a sustained move above $3,000 needed to reinforce broader bullish expectations.

ETH ETF Hype Grows: Spot Approval Anticipation Fuels Rally

One of the main catalysts behind ETH’s surge: increasing speculation around a U.S.-approved spot Ethereum ETF. Asset managers like Fidelity and Franklin Templeton have submitted updated applications with the SEC. Industry insiders anticipate potential approval by Q4 2025, which could open the floodgates to institutional capital and strengthen price momentum.

Staking Activity Hits New All-Time High

Ethereum staking has reached unprecedented levels, with over 33.8 million ETH staked—approximately 27.6% of the total circulating supply. Over 1.05 million active validators now support the network, a strong indicator of long-term investor confidence.

Major platforms like Lido, Coinbase, and Rocket Pool are seeing continued inflows from both retail and institutional participants, reinforcing the trend of reduced liquid supply and heightened security post-Merge.

Layer-2 Networks Add Scalability and Liquidity

Ethereum’s Layer-2 ecosystem continues to grow rapidly, with rollups such as Arbitrum, Optimism, Base, and zkSync processing millions of transactions daily. These solutions significantly reduce mainnet congestion while preserving decentralization and security.

As rollup adoption increases, Ethereum’s deflationary tokenomics—via EIP-1559—gain more traction, with base ETH being burned on each transaction, ultimately reducing supply and boosting long-term value for holders.

ETH-BTC Correlation Weakens as Ethereum Gains Independence

While Bitcoin typically leads market sentiment, Ethereum is increasingly showing signs of independence. Correlation data highlights a growing divergence as ETH’s fundamentals—staking rewards, DeFi applications, and tokenization of real-world assets—drive more investor decisions.

This decoupling signals a maturing ecosystem where Ethereum’s native use cases significantly impact price performance.

Whale Accumulation and Exchange Outflows Point to Long-Term Confidence

Large holders are quietly accumulating ETH. Wallets holding more than 10,000 ETH have increased by nearly 4% over the past month. Meanwhile, ETH balances on centralized exchanges have fallen to multi-year lows, reflecting reduced selling pressure and bullish positioning.

These metrics are classic indicators of strong conviction and typically precede upward price movements.

Ethereum 2.0 Progress: Danksharding and Proto-Danksharding on the Horizon

Ethereum’s long-term scalability roadmap is progressing, with the upcoming release of Proto-Danksharding (EIP-4844) expected later in Q3 or early Q4 2025. This critical upgrade introduces temporary data blobs, significantly lowering Layer-2 transaction costs and enhancing data throughput.

Proto-danksharding is seen as a key milestone toward full Danksharding and Ethereum’s vision of modular scalability.

Ethereum-Powered Meme Surge: FloppyPepe (FPPE) Amplifies Hype and Retail Frenzy

Ethereum’s bullish environment is fueling renewed interest in meme tokens, particularly FloppyPepe (FPPE). With a possible 20% weekly gain and rising social media presence, FPPE is leveraging Ethereum’s infrastructure for its AI-powered ecosystem.

Projects under development, including Meme-o-matic, FloppyX DEX and FloppyAI—an automated trading assistant—are boosting engagement and speculative activity. As ETH rises, so does appetite for high-risk, high-reward tokens like FPPE, amplifying overall market FOMO.

Get 100% bonus tokens – Use code: FLOPPY100.

Ethereum Primed for Continued Strength

Ethereum’s performance in July 2025 is underpinned by solid fundamentals: ETF optimism, record-high staking, DeFi revitalization, and upcoming network upgrades. With price currently hovering around $2,980, breaking above $3,000 consistently and holding could unlock the next leg upward.

Both institutional and retail participants are watching closely as Ethereum evolves into the financial internet’s core infrastructure. As a utility asset and long-term investment, ETH remains a cornerstone of the digital economy. Meanwhile, meme coins like FloppyPepe (FPPE) continue to energize the retail crowd, reflecting Ethereum’s ongoing influence on speculative and cultural narratives within crypto.

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Author

Alexander Zdravkov

Reporter at Coindoo

Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.