Ethereum Tops $3,600 on ETF Inflows, Crypto Cap Hits $4T
Ethereum surged past $3,500 on July 18, triggering over $800 million in liquidations as it outperformed Bitcoin, broke its 200-day moving average and rebounded 100% from Q2 lows. Renewed institutional demand drove U.S.-listed spot Ethereum ETFs to a record $1.7 billion inflow—highest since December 2024—lifting ETH 9% to $3,642, with weekly and monthly gains of 22% and 43%, respectively, and boosting its market cap to $439 billion.
Corporate treasury allocations added momentum, pushing the total crypto market cap above $4 trillion. Bitcoin traded above $120,000 (98% of supply in profit), while XRP hit a record $3.64 (market cap $207 billion), and major altcoins BNB and SOL also posted significant gains. Improved U.S. regulatory outlook has strengthened confidence, though analysts warn of a potential Bitcoin correction toward $108,000. Traders should monitor ongoing volatility and altcoin momentum for short-term opportunities.
Bullish
This news is bullish for Ethereum. The significant ETF inflows and corporate treasury allocations signal strong institutional demand, supporting short-term price momentum above key resistance levels ($3,500 and $3,600). The break above the 200-day moving average and 100% rebound from Q2 lows further reinforce technical strength. Additionally, the broader crypto market cap surge past $4T and positive U.S. regulatory outlook underpin long-term confidence in Ethereum’s growth. Traders should expect continued volatility but with an upward bias as inflows and regulatory developments drive sustained buying pressure.