Ethereum News: Why is ETH’s price up today?

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Ethereum’s 6.4% 24-hour surge reflects bullish technicals, altcoin rotation signals, and growing institutional adoption.

1. ETH/BTC nears key resistance – a breakout could trigger altcoin season.
2. Institutional demand rises – ETH ETFs and corporate treasuries drive inflows.
3. Technical overextension risks – RSI7 at 88 signals short-term overheating.

1. Primary catalyst: ETH/BTC breakout momentum

Ethereum is testing the 0.065–0.075 BTC resistance zone – the same level that ignited the 2021 altcoin rally. A decisive breach here would confirm capital rotation from Bitcoin to ETH, as noted by analyst Crypflow. The ETH/BTC pair’s 3.5% gain in 24 hours aligns with Bitcoin’s dominance dropping from 63.65% to 62.88% – the steepest single-day decline in two weeks.

2. Supporting factors: Institutional flows

• ETH ETF momentum: Ethereum spot ETFs saw $204.9M inflows this week despite $205M+ in ETH exiting exchanges, suggesting OTC accumulation by institutions (CoinMarketCap).
• Corporate adoption: SharpLink Gaming’s $463M ETH treasury purchase (July 10) and similar moves by public companies signal long-term confidence.

3. Technical context: Overheated but bullish

• RSI7 at 88.22 – most overbought since May 2025, historically followed by 5-10% corrections.
• MACD divergence: Histogram at +56.3 shows bullish momentum, though narrowing since July 9.
• Critical Fibonacci level at $3,142.43 (swing high) now acts as support after being reclaimed.

Ethereum’s surge combines technical momentum with structural shifts toward altcoins and institutional adoption. While overbought signals suggest potential consolidation, the ETH/BTC breakout attempt could sustain upward pressure.

Will Ethereum’s dominance hold if Bitcoin reclaims its 24-hour market share losses?

Ethereum shows bullish momentum with rising dominance and technical indicators pointing to potential altcoin season, but faces headwinds from security breaches and regulatory scrutiny of crosschain crime.

1. ETH dominance hits 10% — highest since 2020
2. ETH/BTC ratio nears critical breakout mirroring 2021 altseason setup
3. $27M BigONE hack impacts ETH liquidity

1. Market Metrics

Ethereum dominance reached 10.2% on July 15, its highest since March 2020. This aligns with:

– ETH/BTC ratio testing 0.065-0.075 resistance zone
– Monthly Stochastic RSI bullish crossover (last seen before 2021 altseason)
– Institutional accumulation: BlackRock bought 60,674 ETH ($158.6M) on July 10

2. Business & Partnerships

3. Regulatory & External Factors

• Crosschain laundering via Ethereum surged 211% since 2023, with $21.8B in illicit flows
• BigONE exchange hack drained 350 ETH ($1.1M) on July 16 through compromised servers

Ethereum’s technical strength and institutional adoption contrast with escalating security risks in DeFi infrastructure. Will ETH’s dominance sustain if crosschain crime triggers stricter regulations?

Check out our Ethereum page for more info.

CMC AI can make mistakes, please DYOR. Not financial advice.