ETH Climbs Over $3,000 While Glassnode Notes Exceptional Futures Activity Exceeding BTC’s

Ethereum Rockets Past $3,000 as Institutional Interest and ZK Proof Upgrades Boost Momentum

11/7/2025

Ethereum (ETH) surged beyond $3,000, powered by strong institutional demand through spot ETFs and key technical breakthroughs that shattered significant resistance levels.

At the time of writing, ETH was trading at $3,012, up 8.22% in the last 24 hours, according to CoinDesk Research’s technical analysis. The broader crypto market, as measured by the CoinDesk 20 Index, gained 6.39% over the same period.

Institutional Confidence and Zero-Knowledge Innovations

A recent report titled “Blockchains as Emerging Economies” from a leading asset manager highlighted ether’s expanding role as a medium of exchange and store of value, reflecting rising institutional adoption.

Additionally, the Ethereum Foundation announced plans to integrate zero-knowledge (ZK) proofs across the Ethereum stack, beginning with a Layer 1 zkEVM upgrade. This enhancement will allow validators to verify multiple off-chain execution proofs without reprocessing full blocks, boosting security through client diversity with minimal protocol changes.

While initial adoption of ZK clients will be gradual, growing trust is expected to enable Ethereum to increase gas limits and make proof verification the default. To support this transition, the Foundation is defining “realtime proving” standards focused on low latency, strong security, compact proofs, open-source code, and affordable hardware—making decentralized, home-based proof generation viable alongside cloud solutions.

These upgrades are anticipated to gain momentum ahead of Devconnect Argentina, positioning zkVMs as a vital pillar for Ethereum’s future development.

Market Activity and Technical Overview

Blockchain analytics firm Glassnode recently noted a rare milestone: for a brief period, ether’s 24-hour futures volume outpaced Bitcoin’s, hitting $62.1 billion versus Bitcoin’s $61.7 billion.

Between July 10, 09:00 and July 11, 08:00, ETH climbed from $2,789 to $2,976, a 7.1% gain within a $266 trading range. The sharpest move occurred at 21:00 on July 10, when ETH surged sharply on volume nearly four times the daily average.

Resistance appeared near $3,028, but strong institutional buying around $2,818 provided solid support, helping ETH maintain levels above $2,950 and laying the groundwork for further upside.

Ethereum’s powerful price surge, coupled with cutting-edge zero-knowledge proof developments, solidifies its role as a leading blockchain asset backed by both robust market demand and technological innovation.