Ethereum climbed 13% over the past week, outpacing Bitcoin's 7% gain, as institutional buyers returned and chart signals turned constructive. Consensys founder Joe Lubin pointed to rising traction from traditional finance, while analysts flagged a breakout zone just overhead.
Ethereum has risen 13% over the past week, outperforming Bitcoin's 7% gain over the same stretch. The rebound lines up with renewed institutional buying and chart patterns that traders read as supportive.
Institutions drive the rebound
Speaking on the Milk Road Show on July 6, Consensys founder Joe Lubin said the Ethereum ecosystem is drawing strong behind-the-scenes traction from traditional financial institutions, market infrastructure firms and builders working on decentralized rails.
That interest is showing up on corporate balance sheets. SharpLink Gaming, where Lubin serves as chairman, recently bought 10,000 ETH after an eight-month pause. CEO Joe Shalom said the company keeps its holdings productive through staking, liquid staking, re-staking and DeFi strategies, and described SharpLink as the second-largest corporate holder of ETH.
Shalom argued that Ethereum is already winning across key institutional categories, naming stablecoins, tokenized real-world assets and DeFi alongside emerging agentic payments. His stated aim is to give investors directional access to ETH while generating extra yield.
The chart levels traders are watching
Technicals frame the next move. In a July 7 X post, chart analyst Ali Martinez noted Ethereum is testing resistance around $1,796, where the 0.8 MVRV Pricing Band meets a TD Sequential trendline. A daily close above that level, followed by a retest as support, could strengthen the bullish case.
Analysts say a break above $1,816 would improve the odds of clearing $1,844 channel resistance and advancing toward a realized price near $2,245. For now, ETH trades at $1,774.17, leaving that first hurdle within reach.
Sources: Benzinga, Fortune (snippet-based)
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