Key Highlights
- ETH gained approximately 11% over the past week, reaching $1,920, significantly outperforming other major cryptocurrencies
- Spot Ethereum ETFs in the U.S. attracted $96 million during the week’s first three trading sessions, exceeding the previous week’s $84 million total
- BlackRock’s ETHA product captured $45.3 million of Wednesday’s $53.8 million in total ETF inflows
- The newly launched Robinhood Chain, operational since July 1, now handles more than $800 million in daily decentralized exchange activity and utilizes ETH for transaction fees
- Technical analyst Ted Pillows warned that ETH’s daily RSI indicator has risen above 65, a threshold that has historically signaled near-term price peaks
Ethereum has climbed to approximately $1,920, registering an 11% increase over the last seven days. This performance positions it as the clear winner among top-tier cryptocurrency assets during this period.
Meanwhile, Bitcoin hovers around $64,600, posting a modest 4.2% weekly gain. Solana has declined to $77, showing negative weekly performance. TRON slipped to $0.32, and Hyperliquid’s HYPE token retreated 1.8%. XRP, BNB, and Dogecoin each registered approximately 2% weekly gains — roughly one-fifth of Ethereum’s advance.
ETH currently maintains a market capitalization near $231 billion, accompanied by approximately $12 billion in daily trading activity.
Two primary catalysts have propelled ETH’s superior performance this week. First is the sustained capital flowing into exchange-traded funds. According to SoSoValue data, U.S. spot Ethereum ETFs accumulated $96 million during the week’s initial three trading days, already exceeding last week’s complete total of $84 million.
BlackRock Commands ETF Capital Flows
The distribution of these inflows reveals significant concentration. Wednesday’s activity saw BlackRock’s ETHA product capture $45.3 million from the day’s $53.8 million aggregate. Its companion ETHB fund contributed an additional $4 million. The remaining eight ETF offerings collectively received less than $5 million.
Grayscale’s original Ethereum trust, which levies a 2.5% management fee versus BlackRock’s 0.25%, has experienced $5.3 billion in net withdrawals since its conversion.
Bitcoin’s ETF narrative diverges sharply. U.S. spot Bitcoin ETFs experienced a $424 million outflow on July 13, followed by a $181 million inflow the following session. Such volatile bidirectional movement within 48 hours doesn’t indicate durable institutional accumulation.
The second positive driver for ETH comes from Robinhood Chain. The brokerage platform’s layer-2 solution launched on July 1 and finalizes transactions on Ethereum’s base layer. The network currently facilitates over $800 million in daily decentralized exchange volume, predominantly memecoin speculation, while consuming ETH for network fees.
Critical $2,000 Level Approaches
Ethereum is currently positioned just beneath the $1,930–$2,000 resistance band. The MACD indicator continues showing positive momentum with the signal line positioned below, while trading volume has expanded throughout the recent recovery. Market participants are monitoring $1,874 as a critical support threshold.
Analyst Ted Pillows observed through social channels that “the real test of $ETH will now start.” He highlighted that since August 2025, whenever ETH’s daily RSI indicator has exceeded 65, price action has formed a local top within two to three trading sessions. The RSI has once again climbed above 65. Pillows suggested that if ETH maintains 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 peak levels, while active wallet addresses remain at elevated readings.
Additionally, Lookonchain identified that three freshly established wallets extracted 30,000 ETH — valued at roughly $57.66 million — from Coinbase Prime during the preceding 24-hour window.
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