Key Takeaways
- Ethereum posted an approximately 11% gain over seven days, reaching $1,920, while most major cryptocurrencies remained stagnant or declined
- Spot Ether ETFs in the United States attracted $96 million during the week’s first three trading sessions, surpassing the previous week’s $84 million total
- BlackRock’s ETHA product captured $45.3 million of Wednesday’s $53.8 million in ETF inflows, demonstrating institutional preference
- The newly deployed Robinhood Chain, which launched on July 1, now processes over $800 million in daily decentralized exchange transactions and uses ETH for gas payments
- Technical analyst Ted Pillows observed that ETH’s daily Relative Strength Index has climbed above 65, a threshold that has historically signaled near-term price peaks
Ethereum has climbed to approximately $1,920, registering an 11% advance over the past week. This performance positions ETH as the clear winner among major cryptocurrency assets during this period.
By comparison, Bitcoin trades at $64,600 with a modest 4.2% weekly increase. Solana declined to $77, posting negative returns. TRON slipped to $0.32, while Hyperliquid’s HYPE token shed 1.8%. Meanwhile, XRP, BNB, and Dogecoin each recorded approximately 2% gains ā representing just one-fifth of Ethereum’s weekly performance.
ETH maintains a market capitalization of roughly $231 billion, accompanied by approximately $12 billion in daily trading activity.
Two primary catalysts have powered ETH’s superior performance this week. First among them is exchange-traded fund capital influx. According to SoSoValue data, U.S. spot Ether ETFs accumulated $96 million during the week’s initial three trading sessions. This figure has already exceeded the entire previous week’s total of $84 million.
BlackRock Commands ETF Capital Flows
The distribution of these inflows reveals a concentrated pattern. BlackRock’s ETHA vehicle captured $45.3 million of Wednesday’s $53.8 million aggregate. The firm’s secondary ETHB product contributed an additional $4 million. The remaining eight ETF offerings collectively attracted less than $5 million.
Grayscale’s legacy Ether trust, which imposes a 2.5% fee versus BlackRock’s 0.25% expense ratio, has experienced $5.3 billion in redemptions since its conversion.
Bitcoin’s ETF landscape presents a contrasting narrative. U.S. spot Bitcoin ETFs registered $424 million in outflows on July 13, followed by $181 million in inflows the subsequent day. This volatile pattern within a 48-hour window indicates speculative trading rather than strategic accumulation.
The second catalyst supporting ETH is Robinhood Chain. The brokerage platform’s layer-2 solution launched on July 1 and settles transactions to the Ethereum mainnet. The network currently handles in excess of $800 million in daily DEX volume, predominantly memecoin activity, while consuming ETH for transaction fees.
$2,000 Level Emerges as Critical Barrier
Ethereum currently trades just beneath the $1,930ā$2,000 resistance band. The Moving Average Convergence Divergence indicator maintains positive momentum with the signal line positioned below, while volume expansion has accompanied the recent recovery. Market participants are monitoring $1,874 as a crucial support threshold.
Analyst Ted Pillows highlighted on social platforms that “the real test of $ETH will now start.” He emphasized that since August 2025, each instance of ETH’s daily RSI crossing above 65 has been followed by a price peak within two to three trading days. The RSI has once again breached 65. Pillows suggested that if ETH establishes consolidation instead of reversing, it “will be the first major sign of reversal for ETH since April 2025.”
Blockchain metrics from DefiLlama indicate Ethereum’s Total Value Locked approaching recent peaks, with active wallet addresses sustaining elevated levels.
Additionally, Lookonchain identified that three freshly created wallets extracted 30,000 ETH ā valued at approximately $57.66 million ā from Coinbase Prime during the preceding 24-hour period.
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