Ether (ETH) is flying high. The second-largest crypto asset rose as much as 9.3% on Wednesday, trading at $3,253 as of 15:00 UTC – its first time breaking above $3,200 since February.
Bouncing back
After a brutal start to 2025, with both Bitcoin (BTC) and Ether plunging into Q2, both assets have bounced back resoundingly.
Bitcoin has surged 15% since 1 July, hitting a new all-time-high (ATH) of $123,231 on 14 July before retreating 3.4%. ETH jumped 22% in the same stretch – and then added another 7.6% on top of that. The past week’s trading volumes for both coins marked the highest amounts since February.
Adding fuel to the fire, on 10 July, ETH ETFs (exchange-traded funds) posted their highest daily net inflows on record. With $908 million already logged, July is now the strongest month ever for ETH ETF inflows – signaling conviction among institutional investors.
Save the date!
ETH turns ten on 30 July. Co-birthday boy Justin Sun, the founder of TRON, posted on X back in April:
“Ethereum shares the same birthday as me—this date is truly meaningful. I suggest a 10x increase—let’s commemorate it together at $5,000!”
With recent of waves of institutional interest, the prospect of reassuring regulatory developments, and hype fueled by Bitcoin’s new all-time-high, the market is primed. For sure, ETH is proving it is no longer merely mirroring Bitcoin’s ups and downs.
