Ethereum Surges 20.3% in July, But Still Below Recent Highs

Ethereum's July 2026 performance has been impressive, with the cryptocurrency ending the month with a 20.3% gain - its strongest monthly performance in over a year.

This rebound helped Ethereum recover some of the ground it lost in June, when it fell by 21.8%. Despite this recovery, Ethereum is still trading below recent highs as it enters August.

The strong July performance was unexpected, as ETH typically experiences negative returns during this time of year. In fact, the median return for July is negative, with an average return of just 10.7% over the past year.

The recovery in Ethereum's price can be attributed to increasing demand for spot ETFs, which has provided support to the cryptocurrency's rebound.