Ethereum Surges Nearly 20%, Outpacing Bitcoin in July

Ethereum has outperformed Bitcoin in July, gaining nearly 20% compared to Bitcoin's 11.7%. This surge is attributed to increased ETF flows into Ethereum products and higher staking participation, which reduces circulating supply.

The price of ETH currently trades around $1,880 to $1,970, indicating a significant increase in value. Meanwhile, Bitcoin remains range-bound between $64,000 and $66,500, with traders cautious amid Federal Reserve interest rate uncertainty.

Ethereum's strength may signal a broader altcoin rotation and attract more institutional investment if it breaks above $2,000. The asset has shown signs of rally with strong capital inflows of $83 million and increased network fees, indicating growing on-chain activity.