Ethereum vs Bitcoin: Who's Winning in July 2025?

As we move through mid-July, Bitcoin ($BTC ) and Ethereum ($ETH ) are showing different strengths. Bitcoin recently surged to a new all-time high of $123,000, but has slightly pulled back to the $116,000–$119,000 range. This dip is widely seen as a healthy consolidation phase after weeks of strong gains. Year-to-date, BTC is up around 30%, driven by institutional demand, record-breaking ETF inflows, and clear crypto policy developments in the U.S., like the GENIUS and CLARITY Acts.

Ethereum, on the other hand, is showing signs of a delayed but promising comeback. After reclaiming the $3,000 mark earlier this month, ETH is now hovering near $2,980. While it's still down around 23% year-to-date, recent momentum in July has brought ETH up by nearly 13%. Analysts and on-chain data suggest ETH may be forming a classic bull flag pattern, which could lead to a breakout towards $3,700 or even $4,900, especially with upcoming Pectra upgrade activity and growing staking interest.

When comparing both, Bitcoin clearly leads in short-term performance and institutional adoption. However, Ethereum’s technical setup and smart contract ecosystem give it more room to grow in the mid-term. BTC is the current king of momentum, while ETH could be the quiet giant gearing up for its next big move.

In summary, Bitcoin continues to dominate headlines and price charts, but Ethereum’s structure hints that it may soon catch up, especially if it can break through the psychological $3.1K resistance zone. Both assets remain strong, but each has its own rhythm in this evolving crypto market.#SpotVSFuturesTradingStrategy