Ethereum Ends July As One Of The Best Performing Assets: Charts Flash Warning Signs For $4.5k
The post Ethereum Ends July As One Of The Best Performing Assets: Charts Flash Warning Signs For $4.5k appeared on BitcoinEthereumNews.com.
Ethereum is now one of the best performing assets on all fronts, with analysts comparing it to a “90s tech stock”. $4.5k next? Ethereum is back in the spotlight after delivering its best monthly performance in three years. In July alone, the second-largest cryptocurrency by market cap climbed 56% and closed the month at $3,862. This means that it rose all the way up from $2,468 on July 1, according to CoinGecko. This powerful move was largely fueled by strong inflows into spot Ether ETFs, and has prompted one Bloomberg analyst to compare Ether’s trajectory to that of 1990s tech stocks. ETF Inflows Push Ether to Three-Year High ETFs have been an important part of Ether’s recent rally so far. This market sector saw over 19 consecutive days of continuous net inflows in July, drawing in over $5.37 billion from investors. Spot Ether ETFs recorded over $5 billion in inflows across 19 days | Farside Investors While this happened, BlackRock’s iShares Ethereum ETF hit a major milestone and crossed the $10 billion mark in AUM just 251 days after launch. That makes it the third-fastest ETF to do so in history. What’s even more surprising is that for six days in a row during July, Ether ETFs pulled in more funds than Bitcoin ETFs. This is a rare occurrence that shows that market sentiment is shifting. ETH Price Resembles ‘90s Tech Stocks Eric Balchunas, Bloomberg’s Senior ETF Analyst, described Ether’s rise as similar to the explosive growth of tech stocks in the 1990s. He pointed out that the rising adoption and network activity, set Ether apart from Bitcoin’s “digital gold” image. Ether Starting to Look Like ’90s Tech Stock as ETFs Catch Fire.. new from me today on Ether ETFs’ breakout returns/flows, a reminder that alt coin ETFs more…
Filed under: News - @ August 1, 2025 2:29 am