Why Ethereum is Leading the 10% Crypto Rally Today?
Highlights
- Ethereum price rallies 10% to a six-month high today.
- With massive spot ETF inflows, institutional demand, and the market’s bullishness, Ethereum has outperformed Bitcoin and many altcoins.
- Short squeeze, declining Bitcoin dominance, and AltSeason hype are also fueling the ETH price rally.
With greed extensively visible among investors, the Ethereum price surge is leading the crypto market rally. Despite records of its invariant performance even when other digital assets boomed, things have changed this time. It is now among the most bullish cryptos today, outperforming Bitcoin, XRP, Solana, and many other top altcoins.
Key Factors Fueling Today’s Ethereum Price Rally
Notably, Ethereum is the second biggest cryptocurrency, but its price performance in recent weeks has been contradictory to that. Even when Bitcoin hit a new ATH, it surged barely, but today it’s flourishing. With a 10% rally within hours, it has hit a six-month high at $3,476 and continues. Notably, this happened as BTC gave space for the altcoins to shine and other milestones.
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Spot ETF ATH Inflows
After the continuous inflows, in Ethereum Spot ETFs, a major milestone was reached on July 16. ETH has witnessed the huge single-day inflows of $727 million, out of which BlackRock accounted for $499M alone. Today, the volume exceeds $2.6 billion and pumps up its price demand.
- Source: Ted, ETF Inflows
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Institutional & Treasury Accumulation
In addition, the institutional demand is also peaking for the digital asset. Sharplink Gaming firm has bought 10,850 tokens today and 307,358 in total, besides BitMine Immersion, also stocking on ETH (163,000+ token holdings), building confidence in investors.
Cointelegraph notes that the top 10 Ethereum treasury companies have bought over 1.6 million ETH, fueling the price rally. In addition, whale activity is also high, especially around exchange withdrawals and buying.
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Short Squeeze & Altcoin Season Hype
With the crypto market taking a bullish turn, ETH witnessed a massive short squeeze in recent days, as $186.17M short positions got liquidated today. The liquidation led to a further upward momentum, fueling the 10% crypto rally.
Besides, the futures OI hit $50.70M, a new high, with traders betting in hopes of future gains. More importantly, the Bitcoin dominance has declined to 61.7, and ETH’s dominance is rising. In addition to that, the AltSeason index has increased to 39 at present, increasing the odds of Altcoin Season.
With hype around its ongoing surge and expectation from the upcoming rally amid its rising adoption, the ETH price is rallying today.
Ethereum Price Hits 6-Month High, What’s Next?
Despite a 10% crypto rally today, ETH still stands below the crucial $3,500 mark, currently trading at $3,472.38 with $419.1 billion in market capitalization and $53.3 billion in trading volume. However, experts believe it is a matter of time before this mark is accomplished, considering the institutional demand and the market’s bullishness.
- Source: CoinMarketCap, ETH Price Chart
Crypto analysts like DD have advised investors to watch for major resistance between $3,500 and $3,600. Overcoming that could propel the altcoin towards $4,000, before pushing it to $10,000 in the long run.
Ethereum going absolutely wild with a +16% move this week.
▪️ Price broke $3100
▪️ Open interest nuked right after
▪️ Likely short positions getting wiped
▪️ Shorts adding fuel to the fireCould be earlier hedges getting hit or fresh top-timers trying to fade the trend.… pic.twitter.com/10iAuYI2YK
— DD (@D_DTRADING) July 17, 2025
Although the odds of trend reversal stay persistent, long-term Ethereum price prediction remains bullish.
Frequently Asked Questions (FAQs)
1. How much in inflows did Ethereum ETF record in the present?
2. Which institutions are buying Ethereum?
3. Can Ethereum price hit $4,000 next?
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