Ethereum beats Bitcoin in July – How long can ETH stay ahead?

Key Points

1. Ethereum's price surged 34.75% in July, significantly outperforming Bitcoin's 11.75% rise, with the ETH/BTC ratio rebounding 26% from a multi-year support zone.

2. Ethereum ETFs saw net inflows of 79,674 ETH ($256 million), with iShares' Ethereum ETF alone accumulating 55,984 ETH ($180.27 million), highlighting growing investor interest.

3. Bitcoin dominance dropped from 66.04% to 62.47%, breaking a key trendline and indicating a potential shift toward altcoins, particularly Ethereum.

4. The ETH/BTC ratio's rebound suggests a possible structural trend change, but Ethereum needs to break past the 0.038 BTC resistance to confirm a lasting shift.

5. Ethereum's strong performance, rising ETF inflows, and declining Bitcoin dominance have renewed bullish sentiment, though further confirmation is needed for a sustained trend.