Ether Prices Reach A Fresh, 6-Month High Near $3,700

Key Points

1. Ether prices reached $3,677.40 on July 18, marking a six-month high after recovering from a low of around $2,400 earlier in July.

2. The GENIUS Act's approval and BlackRock's filing to allow Ethereum staking in their iShares contributed to the price rally.

3. Ethereum is benefiting from structural and speculative drivers, including DeFi momentum, tokenized assets, and institutional interest in ETFs.

4. Record inflows into spot ETH ETFs and regulatory clarity are boosting sentiment, with about 30% of all ETH now staked, reducing tradable supply.

5. Analysts note that ETH's historical price range relative to Bitcoin suggests potential for further upside, with ETH possibly rallying to $12,000 given Bitcoin's current value.