Ethereum (ETH) Surges Above $3,600: Is $6,000 the Next Target?

Jakarta, Pintu News – The crypto market has seen a significant rise recently, with Ethereum (ETH) being one of the stars. In the past week, Ethereum (ETH) managed to jump more than 24%, from around $2,900 to above $3,600. This surge occurred despite a massive increase in leveraged short positions.

Check out the full information in this article!

Increased Interest and Market Capitalization

Ethereum (ETH) has attracted great attention with an increase in market capitalization that reached over $130 billion since the beginning of July. Currently, the market capitalization of Ethereum (ETH) has surpassed $436 billion.

This increase has been driven by fund flows into Ethereum (ETH), including a record daily inflow into U.S. Ethereum Spot ETFs that reached $726.74 million on June 16. In addition, large companies such as SharpLink, BitMine, and BlackRock have started allocating funds into Ethereum (ETH), driving further adoption.

In fact, President Trump’s World Liberty Financial has also been active in Ethereum (ETH) acquisitions, with the latest purchase amounting to $5 million.

Also read: Bit Digital Expands Ethereum Reserves to 120,306 ETH, Worth $438 Million!

Supply Shortage on OTC Platforms

With increasing demand, Over The Counter (OTC) platforms are starting to run short on Ethereum (ETH) supply. Ryan Adams of Bankless reports that Wintermute, one of the leading crypto market makers, has run out of Ethereum (ETH) stock to sell.

This suggests that most institutions and high-profile market players have already purchased a large portion of Ethereum (ETH) through OTC transactions. Now, further purchases of Ethereum (ETH) will be made through the secondary market, which could increase upward price pressure. This situation creates opportunities for investors who still want to get into the Ethereum (ETH) market.

Read also: BlackRock Prefers Ethereum Over Bitcoin, Why?

Record Short Squeeze and Price Projections

Ethereum (ETH) is currently experiencing the biggest short squeeze in its history, according to Kobeissi Letter. Although the number of traders shorting Ethereum (ETH) is at a record high, buying pressure from institutions, big players, and retail investors has only increased its price.

Current trend analysis suggests that if this buying momentum continues, Ethereum (ETH) could break weekly resistance around $4,000 and potentially reach $6,000 in the next few months. This is supported by growing institutional interest and positive sentiment from new crypto regulations in the US.

Conclusion

With a variety of supporting factors, including strong institutional interest and favorable market conditions, Ethereum (ETH) shows great potential to continue growing. Investors and crypto market watchers will be keeping a close eye on these developments, as Ethereum (ETH) has the potential to reach price levels never seen before.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Crypto Times. Ethereum (ETH) Price Breaks Above $3600, Is $6000 Next Target?. Accessed on July 21, 2025
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