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Ethereum Climbs Back Above $3,600 Amidst Crypto Market Rally
Ethereum (ETH), the world’s second-largest cryptocurrency, has reclaimed the $3,600 milestone for the first time since a sharp correction earlier this year. As of July 18, 2025, ETH was trading at $3,642, showcasing a significant rebound in momentum and cementing its status as a leading performer in the ongoing digital asset rally.
Throughout the past day, Ethereum has recorded an impressive 9% gain, adding to a remarkable 22% jump this week and a 43% surge over the past month. This dramatic turnaround follows a prolonged downturn and signals renewed interest and optimism within the blockchain sector.
What’s Fueling Ethereum’s Uptrend?
One of the biggest catalysts behind Ethereum’s recent gains is the resurgence of inflows into spot Ethereum exchange-traded funds (ETFs) listed in the United States. Investor enthusiasm for ETH-based ETFs has reached new heights, with nine ETFs attracting approximately $602 million in daily inflows, following a record $717 million the previous day. Weekly net inflows have soared to nearly $1.7 billion—figures not seen since December 2024.
The sharp uptick in ETF investment points to increasing institutional appetite for Ethereum, with major funds and asset managers bolstering their exposure. This institutional engagement not only drives liquidity but adds legitimacy to Ethereum’s role as an alternative investment vehicle.
Corporate Adoption On the Rise
Another notable trend adding to the bullish momentum is the growing participation of corporations in the Ethereum ecosystem. Several high-profile companies have announced the inclusion of ETH as a reserve asset on their balance sheets, highlighting faith in Ethereum’s long-term potential and its use as a hedge within corporate treasuries. This development has provided additional support to ETH’s market capitalization, which now stands around $439 billion.
Historic Highs for the Total Cryptocurrency Market
Ethereum’s rally is happening in the context of a wider surge across digital assets. On July 18, the overall cryptocurrency market achieved a new all-time high, surpassing the $4 trillion valuation milestone. The bullish momentum is not limited to Ethereum; Bitcoin (BTC), the world’s largest crypto, trades above $120,000 and maintains its dominance with a market cap near $2.4 trillion.
Other leading altcoins, including XRP (XRP), Binance Coin (BNB), and Solana (SOL), continue to post double-digit gains, reflecting widespread investor participation and increased mainstream adoption. Market data indicates that Ethereum now commands an 11% share of the total crypto market, underlining its pivotal role in the ecosystem.
Crypto Regulatory Landscape Boosts Confidence
The latest surge comes against the backdrop of a shifting regulatory environment, particularly after the passage of pro-crypto legislation by the US House of Representatives. The approval of these bills has provided a much-needed boost to investor confidence, helping to propel the market’s overall capitalization to historic levels.
With a total valuation of $4 trillion, the cryptocurrency sector now ranks just behind tech giant Nvidia, which sits at $4.2 trillion. This remarkable milestone emphasizes the growing influence of blockchain technology and digital assets in global finance, solidifying crypto’s position as a transformative force on the world stage.
Source: crypto
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