Ethereum price surged 60% this month, fueled by strong ETF inflows, rising CME interest, and outperforming Bitcoin in the ETH/BTC ratio.
Onchain activity is growing, increasing ETH burns and supporting price as reflexive market effects strengthen with rising usage and adoption trends.
Institutional buyers like Bit Digital and Ether Machine are adding ETH to treasuries, signaling broader corporate confidence in Ethereum’s value.
Ethereum demand is rising sharply, with the price gaining 60% in July and renewed institutional interest driving momentum. The ETH/BTC ratio is improving as Ethereum outperforms Bitcoin across several market metrics.
Institutional Momentum Fuels Ethereum Surge
Ethereum (ETH) is witnessing increased demand, partly from institutional adoption and partly from improved price structure in the markets. According to market observer @0xMrDiaz, Ethereum is up 60% for the month, while Bitcoin is mostly unchanged. The ETH/BTC ratio is strengthening, supported by multiple factors.
https://twitter.com/0xMrDiaz/status/1947440560564048262
Record inflows into Ethereum spot ETFs and rising open interest on CME suggest that professional investors are actively positioning for more upside. Notably, BlackRock’s spot ETF filing includes provisions for staking rewards, signaling that yield could soon play a larger role in Ethereum’s investment appeal. At the time of writing, ETH is trading at $3,682.82, with a daily volume of over $53.7 billion.
The demand spike is also reinforced by improved basis trade activity. While these trades are more active, current returns are not signaling overheated conditions, pointing to sustained market interest rather than short-term speculation.
Onchain Growth and Regulatory Tailwinds Support Price
Ethereum’s network usage is growing, further supporting the recent price rally. Increased onchain activity is accelerating ETH burns, reducing the circulating supply as usage scales. This reflexive dynamic is becoming more evident as demand rises across DeFi and other blockchain-native sectors.
Additionally, regulatory developments such as the recent GENIUS Act passage are seen as favorable for Ethereum. The act is expected to stimulate stablecoin adoption, indirectly benefiting Ethereum as the primary settlement layer for most stablecoins. This structural demand adds further weight to the ongoing momentum.
The rotation into higher-beta assets also signals the beginning of a broader altseason, which historically boosts Ethereum’s dominance in the crypto market cycle.
ETH Treasuries Expand as Corporate Buyers Step In
Corporate interest in Ethereum is also increasing. Firms including Bit Digital, GameSquare, and SharpLink are actively expanding their ETH treasuries. Notably, a new entrant—The Ether Machine—is emerging as a $1.5 billion pure-play backed by major venture capital firms.
This move adds Ethereum to the list of institutional-grade assets, following a path similar to Bitcoin’s trajectory. As treasury holdings rise and ETF inflows continue, Ethereum’s market outlook remains firmly supported by real demand from both retail and institutional segments.
