Ethereum Surges to Six-Month High at $3,675 Amid Massive Institutional Accumulation and GENIUS Act Passage
The post Ethereum Surges to Six-Month High at $3,675 Amid Massive Institutional Accumulation and GENIUS Act Passage appeared on BitcoinEthereumNews.com.
Zach Anderson Jul 19, 2025 03:30 ETH hits $3,675 six-month high as institutions accumulate 300K+ tokens. BlackRock adds $499M, while GENIUS Act provides stablecoin clarity. Technical indicators show overbought conditions. Ethereum Surges to Six-Month High at $3,675 Amid Massive Institutional Accumulation and GENIUS Act Passage Executive Summary Ethereum has experienced a remarkable surge over the past week, reaching a six-month high of $3,675.81 on July 18, 2025. This bullish momentum stems from a confluence of positive developments including massive institutional accumulation, regulatory clarity through the GENIUS Act, and strong technical breakouts. Currently trading at $3,587.44, ETH demonstrates extremely bullish momentum with technical indicators showing overbought conditions that warrant careful analysis for traders and investors. Recent Market Developments Institutional Accumulation Drives Price Discovery The most significant catalyst behind Ethereum’s recent surge has been unprecedented institutional accumulation. BitMine Immersion Technologies has emerged as a major player, accumulating over 300,000 ETH with the ambitious goal of owning approximately 5% of the total Ethereum supply. This strategic accumulation represents billions of dollars in committed capital and signals institutional confidence in Ethereum’s long-term value proposition. BlackRock’s aggressive positioning further validates this institutional thesis. On July 16, BlackRock’s spot ETFs acquired 159,100 ETH valued at approximately $499.2 million in a single day. This substantial purchase demonstrates that traditional financial institutions are treating Ethereum as a core portfolio allocation rather than a speculative asset. The institutional adoption trend extends beyond these major players, with firms like Bit Digital and BTCS also reporting significant Ethereum holdings. This coordinated institutional interest creates a supply squeeze effect, reducing available ETH on exchanges and contributing to upward price pressure. Regulatory Clarity Through GENIUS Act The passage of the GENIUS Act by the U.S. House of Representatives on July 17 represents a watershed moment…
