Ethereum (ETH) went up by more than 13% this week, reaching a price of $1,778.33. This rise happened because big companies and banks are showing more interest in using the network. A new group was started to help banks use Ethereum, and new projects brought real-world stocks onto the blockchain. Even though the price is doing well, Ethereum has delayed a major technical update until later in 2026.
The price of Ethereum has gone up quickly over the last week. It increased by more than 13% to reach $1,778.33. This brings the digital currency very close to the $1,800 mark, which is an important target for traders. The main reasons for this price jump are new projects with large companies and banks, which have made investors feel more confident about Ethereum’s future.
On July 1, a new non-profit group called “Ethereum Institutional” was started. This group helps big banks and money managers connect with the Ethereum network. It is supported by Ethereum co-founder Joe Lubin and companies like BitMine and SharpLink. Around the same time, the Ethereum Foundation shared a new guide to help governments use the blockchain for digital IDs and financial tracking.
More big businesses are using Ethereum for real-world finance. On July 3, a company named Ondo Finance put a BlackRock fund and Micron stock onto the Ethereum blockchain. Today, more than 59 public companies hold a total of over $9 billion worth of Ethereum on their balance sheets.
At the same time, the Ethereum Foundation is making changes to how it operates. The organization cut 54 jobs and reduced its 2026 budget by 40%. The Foundation wants to focus only on managing the core network rules, while a separate group called EthLabs will take over research and development.
Just a few days ago, on June 29, Ethereum’s price had dropped to $1,565 before bouncing back. Even with this week’s price increase, Ethereum is still about 64% lower than its highest price ever, which was $4,946.05 back in August 2025.
There are also differences between buying Ethereum directly and buying it through traditional stock markets. People who buy U.S. Ethereum ETFs (funds on the stock market) are not allowed to earn rewards through a process called staking. Because of this rule, some big investors prefer to buy and hold the cryptocurrency directly.
Experts believe that Ethereum needs to pass the $1,800 price level to keep growing. If the price cannot break through that point, it will likely stay between $1,700 and $1,800 for the next few weeks.
Investors are also waiting for a major software update called Glamsterdam. The update has been delayed until the third quarter of 2026. When the upgrade is ready, it will help Ethereum process many transactions at the same time. This will make the network much faster and cheaper to use.
