In brief
- The price of ETH hit a new 2025 high on Monday, now up 26% over the last week.
- The surge comes as companies adopt Ethereum treasuries and investors throw cash at ETH ETFs in the United States.
- ETH, the second-largest cryptocurrency, still has to climb by over 20% to set a new all-time high.
Ethereum‘s price on Monday hit a new 2025 high, following increased interest from institutions and a number of companies buying up the second-largest digital coin by market cap.
The price of Ethereum hit the fresh 2025 peak of $3,848 earlier Monday, and was recently trading close to $3,786 after rising 26% over a seven-day period, according to crypto data provider CoinGecko. Over the past day, the second biggest coin has risen by about 1%.
ETH last traded this high back in December. The cryptocurrency, which is the native coin of the Ethereum blockchain, is still 22% below its all-time high of $4,878 that it touched during the bull run of 2021. While Bitcoin has continued to surge substantially since beating its own former record mark from that era, Ethereum hasn’t come that close to topping its old record.
ETH open interest has also touched new highs, currently standing at over $56 billion, CoinGlass data shows. The number refers to the amount of money traders have yet to settle while betting on the future price of the asset.
The price rise comes as American investors fast pile into Ethereum exchange-traded funds, thus prompting the ETF issuers to buy up more and more ETH. The products—approved by the SEC last year—received over $726 million in net inflows on Wednesday, the best day in their trading history.
Compared to their Bitcoin counterparts, ETH ETFs had had a relatively slow start following their approval last year, but now investors are showing significantly more interest.
The Ethereum network is used by developers to build decentralized apps and crypto-related products, including everything from games to NFT collectibles.
It’s also where a lot of stablecoin trading takes place, potentially helping to fuel the recent ETH surge. President Trump signed the GENIUS Act stablecoin into law last week, which analysts have said could fuel a surge of new coins from banks, retailers, and TradFi firms.
USDC issuer Circle also had a blowout public debut in May, fueling more stablecoin excitement.
Companies are also copying the Bitcoin treasury model from publicly traded firm Strategy (formerly MicroStrategy)—but instead of BTC, they’re buying ETH.
Publicly traded Bitcoin miner BitMine Immersion has aggressively snapped up around $1 billion in the cryptocurrency, while Nasdaq-listed SharpLink Gaming has 280,706 ETH—worth more than $1 billion at today’s price. Both firms have raised money to accumulate the coin.
Crypto treasury firms buy digital assets with the apparent hope that their stock price will increase in value, and get better returns for investors.
Daily Debrief Newsletter
Start every day with the top news stories right now, plus original features, a podcast, videos and more.
