In the last 24 hours, the price of Ethereum (ETH) rose by 3%, reaching a local high of about $3090. This confirms the onset of a new altcoin rally.
Ethereum Price Surge
Ethereum, a large-cap altcoin with a market capitalization of about $370 billion, gained 5% against Bitcoin (BTC) in the past 24 hours, confirming the start of the 2025 altcoin rally. Over the past four weeks, the ETH/BTC pair has increased by 18%, reaching its highest level since March 2025.
Increased Institutional Investor Interest
Recent data indicates that Ethereum has drawn interest from institutional investors. Specifically, U.S. spot Ether ETFs have recorded a net cash inflow of about $1.35 billion in the first two weeks of July. A notable example is SharpLink Gaming, which became the largest corporate holder of Ether with 280,706 ETH.
Key Takeaways
The current growth of Ethereum has reinstated interest in ERC20 tokens, particularly leading DeFi tokens. Additionally, technical analysis reveals that Ether's price is following a similar growth pattern to the 2021 bull run, supported by the MACD line crossing above the zero line for the first time since February 2025. There is also a growing popularity of Ethereum-based tokens such as Shiba Inu and Pepe, which may herald a new wave of altcoins.
The rising prices of Ethereum and the interest from institutional investors create a positive backdrop for the altcoin market, potentially leading to exciting changes in the near future.
