Is Ethereum Just Getting Started? Analysts Say the Best May Be Yet to Come
Ethereum is back in the spotlight — and this time, it’s not about speculation, it’s about real demand. After months of underwhelming performance, ETH has roared back with a vengeance, climbing over 50% in just the past month. The conversation has shifted from “when will ETH move?” to “how far can this run go?” — and experts are starting to weigh in.
Bitwise CIO Matt Hougan believes this rally is no fluke. In a detailed July 22 thread on X, he pointed to a powerful trend fueling Ethereum’s surge: massive demand from exchange-traded products (ETPs) and corporate treasuries. Companies like SharpLink and Bitmine aren’t just dipping their toes — they’re diving headfirst into ETH, kickstarting a new wave of institutional accumulation. Analysts predict billions more could pour in over the next year, suggesting this rally may still be in its early innings. If Hougan is right, Ethereum’s recent breakout might not just be a recovery — it could be the start of a sustained climb to new highs.
