Ethereum saw notable gains in the 24 hours leading up to early Thursday morning, in addition to surging institutional demand.
According to The Block’s crypto price page, Ether has added 7.4% to trade at $3,342 as of the time of writing. It had reached a local high of $3,416 earlier in the day. This is the cryptocurrency’s highest price level since mid-January.
The price surge comes as nine spot Ethereum exchange-traded funds saw their most significant daily net inflow on Wednesday, totaling $726.74 million. The inflows were led by $499 million into BlackRock’s ETHA, with eight out of nine ether funds reporting positive flows for the day, according to SoSoValue data.
So far in July, ETH ETFs have attracted total net inflows of $2.27 billion, the highest monthly amount since the funds were launched in July 2024.
“Ethereum is increasingly being seen as a long-term institutional asset, not just a trading vehicle,” said Rachael Lucas, crypto analyst at BTC Markets. Lucas added that the fact that these funds collectively own 4% of Ether’s total market capitalization strongly indicates a rapid influx of institutional capital.
“Combine that with more than US$2.5B in daily trading volume, bullish chart setups, and capital rotation out of bitcoin, and you’ve got a breakout that’s being driven by both fundamentals and sentiment,” said Lucas.
LVRG Research Director Nick Ruck said Ether’s current momentum is also backed by an increasing number of public companies investing in the cryptocurrency as a treasury asset.
Consensys-backed Ethereum treasury firm SharpLink Gaming recently became the largest holder with 280,706 ETH as of July 15, surpassing the Ethereum Foundation’s holdings. Arkham data shows that the company bought an additional 20,279 ETH on Wednesday.
“With the increase in demand for ETH, traders view the digital asset as underpriced, while its tokenomics and ecosystem show strong fundamentals and limited supply growth in the future,” Ruck said. “We’re optimistic that ETH can continue to rise as investors look for the cryptocurrency to reach past its previous all-time high at around $4,600.”
Meanwhile, other altcoins also rallied alongside ether. XRP rose 5% to $3.05, Solana rose 5.16% to $170.96, while BNB added 3.44% to $710. Bitcoin showed comparatively small gains of 0.71%, trading at $118,395. According to TradingView data, Bitcoin dominance fell 2.59% over the past week to 63.09%.
“Bitcoin dominance is slipping, and historically, that’s a precursor to altcoin season,” BTC Markets’ Lucas said. “Add in tightening supply through staking, institutional buying, and macro tailwinds, and we’ve got the makings of a strong altcoin cycle.”
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
