# ETH Reclaims $3,000

*Author: Bankless*
*Published: Jul 11, 2025*
*Source: https://www.bankless.com/read/eth-reclaims-3-000*

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Ethereum’s native token, ETH, surged past $3,000 on Thursday, fueled by strong inflows into spot ETFs and growing interest in tokenized assets. The rally also saw support from options market hedging activity, amplifying upward momentum.

### What’s the Scoop?
- **ETF Momentum:** Spot Ethereum ETFs recorded significant daily inflows, indicating heightened institutional interest.
- **Tokenization Trend:** The narrative around tokenizing real-world assets on Ethereum is gaining traction, attracting both retail and institutional investors.
- **Market Maker Activity:** Options dealers, exposed to large volumes of $3K ETH calls, engaged in hedging strategies by purchasing ETH in spot and futures markets, further driving the price upward.
- **Price Action:** ETH reached a high of $3,038, marking its strongest performance since early 2024.
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