Ethereum Nears $4,000 Milestone Amid Strong Accumulation Trend

Ethereum's price is approaching the significant psychological level of $4,000, driven by strong investor confidence and a notable reduction in exchange supply. Over 317,000 ETH, worth approximately $1.18 billion, have been withdrawn from exchanges since July, signaling a bullish accumulation trend. However, technical indicators like the Network Value to Transactions (NUPL) ratio nearing the "Belief-Denial" zone suggest potential caution ahead. As of July 23, 2025, the market remains optimistic, but traders should stay vigilant for possible reversals.

Ethereum Price Nears $4,000 Psychological Level – What’s Next?

Ethereum's rally shows no signs of slowing as it approaches the critical $4,000 threshold. Investor confidence remains high, with over 317,000 ETH withdrawn from exchanges since July—a $1.18 billion reduction in available supply. This accumulation trend underscores bullish sentiment, but technical indicators suggest caution.

The Network Value to Transactions (NUPL) ratio nears the "Belief-Denial" zone, historically a precursor to short-term corrections. Market participants appear torn between locking in profits and anticipating further gains. Should ETH breach $4,000, the psychological barrier may trigger intensified volatility as traders reassess positions.

Ethereum Surpasses $461 Billion Market Cap, Exceeds Goldman Sachs and Bank of China Combined

Ethereum's market capitalization has surged to $461.49 billion, eclipsing the combined valuations of Goldman Sachs ($217.3 billion) and Bank of China ($237.9 billion). The cryptocurrency reached a 2025 high before settling at $451.55 billion, signaling its evolution from a decentralized computing network to a cornerstone of modern finance.

Institutional adoption is accelerating as organizations leverage ethereum for tokenization, stablecoins, and on-chain finance. "Ethereum is inevitable," declared SharpLink Gaming on X, capturing the asset's growing influence. The network now functions as both a macroeconomic hedge and an innovation platform, cementing its status as a legitimate store of value.

Despite the rally, analysts warn of potential cyclical peaks. Eighty percent of top altcoins outperformed Bitcoin this month, though just 41% sustained gains over three months. Market veterans caution against euphoria, noting historical patterns in crypto cycles.

Ethereum Launches Symbolic NFT Torch to Mark 10th Anniversary

The Ethereum Foundation has ignited a digital torch in the form of a non-fungible token to commemorate the blockchain's decade-long journey. The Ethereum Torch NFT will be passed across wallets every 24 hours until July 30, 2025—the network's official anniversary date.

Joseph Lubin, Ethereum co-founder and ConsenSys architect, holds the inaugural transfer. Each subsequent handoff highlights Ethereum's global developer community and decentralized ethos. The final transfer culminates in a ceremonial burning, symbolizing both an endpoint and new beginning for the protocol.

A freely mintable commemorative NFT will replace the burned torch, available through Ethereum's official channels. The initiative mirrors Bitcoin's 2016 Olympic torch tradition, reinforcing crypto's cultural narratives alongside technological innovation.

Ethereum Eyes All-Time High as Key Metric Signals 40% Rally Potential

Ethereum's price action suggests mounting bullish momentum as it flirts with $3,753, supported by two critical on-chain developments. The Age Consumed metric - tracking dormant ETH movements - plummeted 98% from 795 million to 12.47 million since July 10, indicating long-term holders refuse to distribute at current levels.

Institutional accumulation provides concurrent validation. SharpLink Gaming's $67.5 million ETH purchase exemplifies growing corporate treasury adoption. The ETH/BTC ratio's simultaneous surge reinforces Ethereum's relative strength against the crypto benchmark.

Market structure mirrors previous breakout periods where holder conviction preceded major advances. With old hands holding firm and new capital flooding in, technical analysts project a 40% upside target from current levels.

Ethereum NFT Torch Ignites for 10-Year Celebration

Ethereum is marking its upcoming tenth anniversary with the launch of a symbolic NFT torch. Designed to embody the foundational values of the Ethereum ecosystem, the initiative highlights the network's enduring influence in the blockchain space.

The celebration underscores Ethereum's evolution from a smart contract platform to a cultural and technological force, particularly in the NFT sector. Market participants are watching for potential momentum shifts as the anniversary approaches.

NFT Market Cap Surges $1 Billion in a Day Amid Signs of Revival

The NFT market is showing early signs of resurgence, with its total capitalization jumping from $5.1 billion to $6.3 billion within 24 hours—a 20% gain. Trading volume skyrocketed 287% to $37.4 million, according to CoinGecko data. This marks the most significant single-day growth since the sector's 2022 downturn.

CryptoPunks led the charge with a 16% floor price increase to 47.5 ETH ($179,000), generating $14 million in daily sales. Pudgy Penguins followed closely, rising 15% to 16.6 ETH with $5.7 million in volume. Ethereum-based collections like Bored APE Yacht Club and Infinex Patrons saw 9%+ gains, while the obscure YOU THE REAL MVP group exploded 1,280% to 69 ETH.

The movement suggests renewed speculative interest, though whether this represents sustainable demand or short-term froth remains unclear. Market participants are speculating about potential NFT treasury vehicles as a catalyst.