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This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page.<\/strong><\/em><\/span><\/p>\n Ethereum is currently trading around $3,000, its highest price since February 2. The coin is up around 3% from Saturday\u2019s low and even notched a 6% intraday pop before a quick wave of profit-taking.<\/p>\n That bullish price action aligns with the latest market data: spot trading volume reached $3.7 billion<\/a> in the past 24 hours, more than double the volume from the day before, while derivatives open interest has surged past $20 billion<\/a>.<\/p>\n Momentum indicators back up the move. RSI readings on the daily chart are at 71, slightly in the overbought zone but still favoring the bulls, and both the 50-day and 200-day exponential moving averages (EMAs) are trending up.<\/p>\n ETH\u2019s price is also glued to the upper Bollinger Band on the daily chart \u2013 a spot that many traders see as the springboard for another breakout. Supply dynamics tilt bullish, too; over 29%<\/a> of ETH is now staked, exchange balances sit at a nine-year low, and whales are continuing to accumulate.<\/p>\n With ETH already trading above $3,000, the $3,500 mark looks less like a long shot and more like the next checkpoint. But what would it take to reach it?<\/p>\n Several catalysts are lining up. Spot ETH ETFs, which went live a year ago, are on a streak of positive inflows<\/a>. If these inflows keep running anywhere near $200\u2013$500 million a week, the supply squeeze only tightens, especially while exchange balances sit this low.<\/p>\n The recent Pectra upgrade is another catalyst: higher validator limits and faster block times have pushed more ETH into staking contracts, cutting the circulating supply. Add in the growth of Layer-2 networks such as Arbitrum, Optimism, and Base, which processed over 375 million transactions<\/a> in the past month, and demand for ETH isn\u2019t slowing.<\/p>\n All of these factors \u2013 along with Ethereum\u2019s bullish technicals \u2013 suggest that hitting $3,500 is more likely than not in the short term.<\/p>\n As the crypto market soars, traders are looking for low cap altcoins that could provide the biggest gains, and one coin that\u2019s gaining momentum is Best Wallet Token (BEST).<\/p>\n Best Wallet Token<\/a> sits in a corner of the market that could be one of the biggest winners of an Ethereum upswing: wallet infrastructure. As capital flows back into DeFi and new users hunt for tools that feel as smooth as Web2 apps, non-custodial wallets with large feature sets tend to benefit the most.<\/p>\n The combined market cap of wallet tokens is currently $2.5 billion<\/a> \u2013 up significantly over the past quarter, but still small compared to other sectors. This low valuation means there\u2019s enormous room to grow.<\/p>\n
\nEthereum Rally Gains Steam as Trading Volumes Surge Past $33B<\/h2>\n
![\"ETH](\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/07\/Ethereum-1-1024x452.png\")
<\/p>\nEthereum Price Prediction \u2013 Could ETH Hit $3.5K Next?<\/h2>\n
![\"spot](\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/07\/Ethereum-2-1024x450.png\")
<\/p>\nWhy Best Wallet Token Could Benefit as Ethereum\u2019s Price Climbs Toward $3.5K<\/h2>\n