Ether Eyes Biggest Monthly Gain Since 2022 as ETFs, Corporate Treasuries Drive Rally

Ether Eyes Biggest Monthly Gain Since 2022 as ETFs, Corporate Treasuries Drive Rally

Ether (ETH), the native token of the Ethereum blockchain that turned 10, just had its best July performance in three years.The second largest cryptocurrency climbed more than 50% in July, peaking at $3,940 before easing below $3,800 towards the end of the month.The last time ETH rose this much in a single month was July 2022, rebounding from the depths of the crypto crash marked by high-profile implosions of Terra-Luna, Three Arrows Capital and …

Ethereum Surges 50% in July, Best Monthly Gain in Three Years Amid ETF Inflows

Ethereum (ETH), the second-largest cryptocurrency, recorded its strongest July performance in three years, soaring over 50% and briefly peaking at $3,940 before settling below $3,800. This marks the biggest monthly rally since July 2022, when ETH rebounded from the market collapse triggered by Terra-Luna and Celsius. Unlike previous rallies, this surge was driven by massive institutional inflows. U.S.-listed spot Ethereum exchange-traded funds (…