Ethereum Jumps 15% to $3,500 Amid Institutional Demand

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Ethereum (ETH), the world’s second-largest cryptocurrency by market capitalization, surged 15% to reach $3,500, fueled by rising institutional interest and signals pointing to a Wyckoff markup phase.

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, saw a significant price increase recently, surging 15% to reach the $3,500 level. This sharp rally comes amid growing demand from institutional investors and is being interpreted by market analysts as a key sign that Ethereum may be entering the “markup phase” of the Wyckoff market cycle.

The Wyckoff market cycle, developed by early 20th-century technical analyst Richard Wyckoff, describes four main stages in asset price movements: accumulation, markup, distribution, and markdown. According to several experts, Ethereum’s current trajectory suggests it is in the markup phase, a stage where prices rise steadily due to strong buying pressure after a period of accumulation. This phase often attracts more attention from traders and institutions, further fueling momentum.

One of the main drivers behind this price surge is renewed interest from institutional investors. Large-scale buyers such as asset management firms, hedge funds, and other financial institutions appear to be positioning themselves in Ethereum, possibly in anticipation of more favorable regulatory conditions and the growing relevance of Ethereum-based applications in finance and technology.

Ethereum’s network continues to play a leading role in the broader cryptocurrency and blockchain ecosystem. It supports thousands of decentralized applications (dApps), non-fungible tokens (NFTs), and smart contracts. With the rise of decentralized finance (DeFi) and increasing development on Ethereum’s upgraded platform, confidence in its long-term potential remains high.

Moreover, the broader crypto market has also seen improved sentiment recently, following positive developments around Bitcoin exchange-traded funds (ETFs) and more constructive regulatory signals in the United States and Europe. Ethereum’s strong performance is closely tied to this shift in sentiment, as many investors view it as a foundational asset in the space.

Technical analysts have pointed to key indicators that suggest Ethereum may continue its upward trend if buying interest remains strong. Volume patterns, resistance breakouts, and the sustained hold above $3,400 all support the possibility of further gains in the near future.

Still, market volatility remains a factor, and traders are watching closely for any shifts in macroeconomic trends or regulatory decisions that could influence short-term price movements.

For now, Ethereum’s breakout past $3,500 marks a critical milestone in its current cycle, one that appears to be driven by strategic, long-term interest rather than short-term speculation. If institutional support continues to build, the cryptocurrency could be poised for a strong second half of the year.