Ethereum (ETH), the main altcoin, topped the $3,300 stage for the primary time since Feb. 1 earlier right this moment on the Bitstamp alternate.
The highest cryptocurrency reached an intraday peak of $3,371, surging by 7%.
The altcoin has considerably outperformed Bitcoin over the previous two days, with the ETH/BTC pair hovering by a whopping 15%. The pair has now surpassed 0.028 BTC, which is the very best stage since February.
In accordance with Lookonchain, a significant whale just lately closed all ETH shorts earlier than being liquidated, dropping a whopping $8.4 million in a single day.
General, greater than $56 million of ETH shorts have been worn out over the previous 4 hours, CoinGlass knowledge exhibits.
File-breaking holder numbers
Analytics platform Santiment has famous that Ethereum holder numbers are at present “breaking data.” The community boasts greater than 152 million in non-empty wallets.
📈 Ethereum’s market worth has now grown by +50% since June twenty second, hitting its highest value ranges since late January. The community has over 152.03M non-empty $ETH wallets, greater than some other coin in cryptocurrency.
🗣️ Moreover, the gang has taken be aware of the foremost value… pic.twitter.com/XJoV6THMBY
— Santiment (@santimentfeed) July 16, 2025
Company and institutional adoption
The Ethereum company adoption narrative can also be gaining steam, with publicly traded firm SharpLink just lately rising as the highest company holder of the altcoin with greater than 280,000 tokens gathered over a comparatively quick span of time.
Spot Ethereum (ETH) exchange-traded funds proceed to draw regular inflows, with BlackRock’s ETHA attracting as a lot as $171 million value of contemporary funds on Tuesday, based on SoSoValue knowledge.
Optimistic macro knowledge
The newest rally was additionally fueled by the June Producer Worth Index (PPI) coming in cooler than anticipated. The information signifies that the Federal Reserve is now extra more likely to minimize rates of interest.
It’s value noting that the entire high 10 cryptocurrencies are at present within the inexperienced, however ETH has vastly outperformed them.
