Ethereum transactions near 2021 highs – Will ETH prices follow?
2025-07-05 10:02:50
Main Idea
Ethereum's network activity has surged to near 2021 highs, with increased transactions and speculative trader interest, but its price and institutional demand still lag behind Bitcoin.
Key Points
1. ETH network activity surged to nearly 2021 levels, with daily transactions exceeding 1.2 million.
2. Speculative traders increased their long positions on ETH by 12% in early July, indicating bullish sentiment.
3. ETH faced rejection at $2.6K after rising from $2.3K, trading at $2.52K at the time of writing.
4. Spot ETH ETFs attracted over $4 billion in inflows, significantly less than Bitcoin's $30 billion, attributed to a lack of a clear narrative for Ethereum.
5. Institutional demand for ETH lags behind Bitcoin, despite renewed on-chain interest from traders.
Description
ETH speculative traders increased their long bets by 12% in early July.
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