# ETH Eyes $3,500

*Author: Bankless*
*Published: Jul 16, 2025*
*Source: https://www.bankless.com/read/eth-eyes-3-500*

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Ethereum surged over 11% Wednesday, surging above $3,400 and bringing the ETH bulls out of the woodwork. The outperformance relative to Bitcoin is earning new attention – driven by ETF optimism, institutional accumulation, and tipping market dynamics. 

### What’s the Scoop?
- **Ethereum Outperforming:** ETH has surged 11% to trade near $3,400, while Bitcoin's more modest bump has it just below $120K.
- **Treasury Accumulation:** Corporates and protocols continue heavy ETH accumulation into reserves and treasuries, signaling long-term strategic positioning.
- **Macro & Policy Tailwinds:** U.S. sentiment (“Crypto Week”) and talk of Fed interest-rate cuts add bullish undercurrents, though BTC may pause while Ethereum rides these tailwinds.
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