Ether Logs Best Monthly Performance Since 2022 Amid ETF and Corporate Buying Boom
Ether (ETH), the native cryptocurrency of the Ethereum network, surged over 50% in July — its strongest monthly gain in three years — as demand from ETFs and corporate treasuries pushed prices higher. The rally saw ETH peak at $3,940 before retreating slightly below $3,800.
The last time ETH recorded a comparable rally was in July 2022, when it rebounded from a series of major industry failures, including the collapse of Terra, Celsius, and Three Arrows Capital. This year’s surge, however, is being driven by institutional capital flows rather than market recovery.
U.S.-listed spot ETH ETFs absorbed $5.4 billion in net inflows during the month, marking their most robust streak since launching in 2024, according to SoSoValue. Meanwhile, corporate treasuries added $6.2 billion worth of ETH to their holdings, with firms like Bitmine, SharpLink, ETHZilla, and Ether Machine leading the charge.
The rally is also underpinned by Ethereum’s role in the booming stablecoin and tokenization markets. With over half of the $250 billion global stablecoin supply residing on Ethereum, the network is poised to benefit from new regulatory clarity brought by the U.S. Genius Act.
Still, ETH is encountering strong resistance at the $4,000 level — a ceiling that proved difficult to breach in previous attempts. August tends to be a quieter period for crypto markets, raising the prospect of short-term consolidation.
Even so, some analysts see more upside. Veteran trader Bob Loukas suggested on X that ETH could climb as high as $4,700 during this current cycle.
