On July 11, 2025, Ethereum (ETH) broke through the $3,000 barrier for the first time since February, peaking at $3,019 before settling at $2,987, per crypto.news. The token surged 6.6% in 24 hours, 16.8% in the past week, and 22% over two weeks, with trading volume spiking 62.9%. This rally coincides with Bitcoin’s climb to $117,000 and strong institutional demand, including ETF inflows and treasury buys.
The Ethereum Foundation moved 21,000 ETH ($62.8 million) to an internal Gnosis Safe Proxy address over the past two months, with 7,000 ETH ($20.9 million) later shifted to another address. Of that, 1,210 ETH was swapped for $3.5 million USDC, per PeckShield. Some traders on X accused the Foundation of dumping ETH, while others defended it as part of a new treasury strategy focused on DeFi yield and fiat reserves, not sales. The Foundation holds 196,770 ETH ($495 million).
The rally reflects strong institutional interest, with ETF inflows and whale accumulation driving momentum. X posts highlight nine-year-low exchange balances and robust DeFi TVL, but warn of overbought signals (CRSI ~92). The Foundation’s moves, while strategic, fuel FUD, with fears of price pressure if sales continue. Analysts eye $3,600-$4,800 targets if $3,000 holds as support, but a drop to $2,800 looms if momentum fades.
With the Ethereum price breaking $3,000, the market is buoyant, but the Foundation’s transfers and technical indicators suggest volatility. Traders should monitor support at $2,950-$3,050 and broader market trends, especially Bitcoin’s trajectory, for clues on ETH’s next move.
