Ethereum’s Bullish Surge: Breaking $2,800 and Eyeing $4,000 as New Macro Uptrend Looms

Ethereum has demonstrated remarkable bullish momentum, surging past the $2,800 mark with a 7.3% daily gain as traders now set their sights on the $4,000 resistance level. This rally follows a week of steady accumulation, underscored by a significant spike in trading volume to $29.11 billion. Technical analysts are closely monitoring ETH's ability to hold above its 50-week moving average, a key indicator that could confirm the start of a new macro uptrend, reminiscent of its parabolic advance in 2021. As of July 13, 2025, the cryptocurrency market is abuzz with optimism, anticipating further gains for Ethereum as it consolidates its position in the digital asset space.

Ethereum Gains Momentum Above $2,800 as Market Eyes $4,000 Level

Ethereum surges past $2,800 with a 7.3% daily gain, signaling bullish momentum as traders eye the $4,000 resistance level. The rally follows a week of steady accumulation, with trading volume spiking to $29.11 billion.

Technical analysts highlight the significance of ETH holding above its 50-week moving average. A sustained breakout could confirm the start of a new macro uptrend, mirroring 2021's parabolic advance.

Crypto trader @IncomeSharks charts suggest ethereum is replicating historical breakout patterns. The current price action resembles early-stage bull market behavior, with institutional flows through Coinbase and Binance accelerating the move.

Ethereum Mega Whales Accumulate as Bullish Breakout Looms

While Bitcoin ETFs and Solana's volatility dominate headlines, Ethereum's largest holders are quietly amassing significant positions. Wallets holding over 10,000 ETH—dubbed 'mega whales'—have increased their holdings by 9.31% since October 2024, adding 3.5 million ETH to their coffers.

This accumulation mirrors patterns seen before major price surges. In late 2020, similar whale activity preceded Ethereum's 165% rally from $460 to $1,220. The current buildup occurs despite ETH's stagnant price around $2,600, suggesting sophisticated investors are positioning for a potential breakout.

Glassnode data reveals these whales now control 41.06 million ETH, their most aggressive accumulation since 2022. The scale of buying surpasses the 4-5% increases that preceded Ethereum's 95% price surge in early 2022.

Myriad Protocol Expands to Ethereum L2 Linea with Multichain Prediction Markets

Myriad Protocol has transitioned from its beta phase to a full multichain launch, now supporting Ethereum Layer 2 solution Linea. The decentralized prediction market platform, initially tested within the Abstract ecosystem, has demonstrated product-market fit and refined its technology stack over six months.

Media partners Decrypt and Rug Radio have validated a Core use case: prediction markets as tools for content distributors to enhance engagement, monetization, and data-driven editorial decisions. The protocol's design philosophy emphasizes meeting users where they already operate in the digital landscape.

This expansion marks Myriad's evolution into a foundational LAYER for prediction market integration across platforms. The Linea integration represents the first step in its multichain roadmap, though no direct token mentions appear in this announcement.

Bitmine Immersion Stock Plummets 20% Following $2B ATM Offering Announcement

Bitmine Immersion Technologies (BMNR) shares tumbled another 20% Thursday, compounding a 40% drop from the previous session. The selloff came after the Ethereum-focused treasury firm disclosed plans to raise up to $2 billion through an at-the-market stock offering. Cantor Fitzgerald will lead the offering as the company capitalizes on its recent 3,000% rally.

The decline mirrors the trajectory of Sharplink Gaming (SBET), another ETH treasury play that soared before crashing 90% amid early investor exits. BMNR has now shed 65% since CoinDesk highlighted the parallel. Fundstrat's Tom Lee, who chairs Bitmine's board, now faces a stern test of market confidence as dilution fears grip investors.

Tokenization: A New Paradigm in Asset Management

Traditional asset management is fraught with inefficiencies—middlemen, paperwork, and opaque processes that exclude most of the global population. Tokenization emerges as a disruptive alternative, leveraging blockchain technology to streamline ownership and transfer of assets like stocks, property, and even intangible rights.

Joseph Lubin, Ethereum co-founder, frames tokens as universal representations—from driver's licenses to digital assets on a blockchain. This shift promises transparency, reduced fraud, and accessibility, though regulatory challenges remain.

Fidelity Proposes GDP-Style Valuation Model for Ethereum, Treating Blockchains as Sovereign Economies

Fidelity Investments has introduced a groundbreaking framework for valuing blockchain networks, drawing direct parallels between decentralized ledgers and sovereign economies. The asset manager's report suggests evaluating Ethereum through the lens of Gross Domestic Product (GDP) metrics, fundamentally reimagining how we assess crypto networks' economic activity.

The model transposes traditional GDP components onto Ethereum's ecosystem: gas fees become consumption (C), staked assets represent investment (I), Ethereum Foundation spending mirrors government expenditure (G), and stablecoin flows stand in for net exports (X-M). This approach recognizes ETH's dual role as both fuel and native currency within its digital economy.

While innovative, the methodology raises questions about what truly constitutes productive economic activity on-chain. Stablecoin bridging between networks could artificially inflate 'blockchain GDP' without corresponding value creation. The report nonetheless marks a significant step toward institutional-grade crypto valuation frameworks.