Ethereum’s Surge Lights Up the Altcoin Season
2025-07-16 09:57:14
Main Idea
Ethereum's recent price surge and institutional demand are signaling the start of an altcoin season, with other altcoins like XRP, Solana, Shiba Inu, and Pepe also showing strong performance.
Key Points
1. Ethereum (ETH) rose by 6.12% in 24 hours, reaching near $3,200, and gained a 5% advantage against Bitcoin (BTC).
2. The ETH/BTC trading pair surged 18% over the last four weeks, indicating a strong market signal.
3. U.S. spot Ethereum ETFs saw a net inflow of $1.35 billion in early July, with a $20.81 million net daily inflow on July 15th.
4. SharpLink Gaming purchased 280,706 ETH, marking the largest institutional acquisition and boosting market confidence.
5. Technical indicators, such as the MACD line crossing above zero on the weekly chart, suggest a potential altcoin season, with other altcoins like XRP, SOL, SHIB, and Pepe also performing well.
Description
Ethereum's price surged over 6%, nearing $3,200, boosting the altcoin season. SharpLink Gaming increased Ethereum holdings, indicating rising institutional interest. Continue Reading: Ethereum’s Surge Lights Up the Altcoin Season The post Ethereum’s Surge Lights Up the Altcoin Season appeared first on COINTURK NEWS .
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