Ethereum Gas Limit Surge Fuels Rally as Traders Target $4K Breakout
Ethereum's network just cranked up the gas—literally. With the gas limit spike, ETH bulls are revving engines for a run at $4,000.
Scaling the Walls
Blockchain throughput gets a nitro boost as validators vote to raise capacity. More transactions, same chaotic fee market—just how DeFi degens like it.
Price Watch: The $4K Psychological Battleground
Traders eye the magic number like Wall Street analysts staring at a Bloomberg terminal after three espresso shots. Technicals suggest momentum, but remember: in crypto, 'resistance levels' are just suggestions written in crayon.
The real winner? Speculators placing overleveraged long bets while whispering 'this time it's different' to their empty wallets.
Ethereum eyes $4000 as capital pours in
At the same time, Ethereum is drawing fresh market interest as its price creeps toward $4,000, a high not seen in a while.
On July 20, Lookonchain, an analytics firm mentioned that two new wallets bought a total of 58,268 ETH, valued at about $212 million, in transactions from FalconX and Galaxy Digital.
Two more newly created whale/institutional wallets bought 58,268 $ETH($212M) via #FalconX and #GalaxyDigital.https://t.co/DQQ8PnaDtvhttps://t.co/rZZdoV7NJi pic.twitter.com/sM17q8t55N
— Lookonchain (@lookonchain) July 20, 2025EmberCN, an on-chain analysis firm, noted another large purchase of 13,462 ETH, worth roughly $50 million, made on Binance at $3,714 per coin. These moves suggest that both new whales and established holders see room for further gains.
The corporate world is piling in, too. SharpLink, now the top corporate Ethereum holder, added 4,904 ETH, about $17.45 million, in just one day. That raised its total for July to 157,140 ETH, worth nearly $493 million at $3,136 per coin on average.
Other than buys, spot ETFs focused on ETH have drawn record inflows. Over the past five trading days, these ETFs saw $2.2 billion in net new money, over twice the $1 billion added in the prior week. As network capacity expands and demand rises, Ethereum is once again at the center of attention.
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