ETH Set for Biggest Monthly Jump in Over Two Years, Driven by ETF Optimism and Treasury Allocations

Ether Surges Over 50% in July as ETFs and Corporate Demand Fuel Rally

Ether (ETH) posted its strongest monthly performance since 2022, climbing more than 50% in July and briefly touching $3,940 before settling below $3,800. The rally comes amid surging demand from spot ETH ETFs and growing adoption by corporate treasuries.

Data from SoSoValue shows U.S.-listed spot ether ETFs saw $5.4 billion in net inflows last month, the highest monthly total since their debut. Meanwhile, institutional interest has intensified, with public companies adding $6.2 billion in ETH to their balance sheets, according to CEX.io. Key players include Bitmine (led by Tom Lee), SharpLink (co-founded by Joseph Lubin), and newer entrants like ETHZilla and Ether Machine.

Unlike previous bull runs tied to market recoveries, this rally reflects a shift in narrative. Ethereum is increasingly viewed as a backbone of digital finance, especially with over half of the $250 billion stablecoin supply now issued on the network. The recent passage of the Genius Act in the U.S. — providing regulatory clarity around stablecoins — may further solidify Ethereum’s position.

Technically, ETH faces resistance at the $4,000 level, a zone that capped rallies in previous cycles. Seasonal weakness in August and broader market consolidation may slow upward momentum in the short term.

Still, some remain bullish. “ETH might still have enough fuel to reach $4,700 this cycle,” said market analyst Bob Loukas in a recent post, citing continued institutional flows and improving market structure.