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Home » Ethereum » Ether Leads Crypto Market Higher as Bitcoin Attempts to Shrug Off Dip
Ethereum

Ether Leads Crypto Market Higher as Bitcoin Attempts to Shrug Off Dip

Crypto Observer StaffBy Crypto Observer StaffJuly 17, 2025No Comments2 Mins Read
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Ethereum’s ether (ETH) raced ahead on Wednesday, leading the crypto market higher after a modest dip earlier this week.

ETH broke above the $3,200 level for the first time since early February, gaining 6.5% over the past 24 hours, CoinDesk data shows. It’s now ahead a full 22% over the past seven days.

Bitcoin

also bounced back above $119,000 during the early hours of the U.S. session, climbing 2.6%. The CoinDesk 20 index, a broad-based benchmark focusing on majors, was up 4.5%.

BTC investors bought this week’s dip to $116,000 from record highs hand over fist, analytics firm Glassnode noted. According to the firm’s data, market participants “stepped in aggressively,” scooping up around 196,600 BTC ($23 billion) between the $116,000 and $118,000 levels.

Meanwhile, strong flows to spot exchange-traded funds and continuous bid from crypto treasury firms are providing a tailwind for ETH.

U.S.-listed spot ETH ETFs booked record inflows over $900 million last week, accounting for 29% of all inflows this year, Anagram partner David Shuttleworth noted. At $450 million with only two days into the week, inflows could surpass $1 billion this week, he added.

Sharplink Gaming (SBET) revealed this week it acquired more than 74,000 ETH with $257 million capital remaining for further purchases, while Bitmine Immersion (BMNR) bought over $500 million of the asset.

Read more: Altcoin Season Returns? Bitcoin Consolidates With ETH, SUI, SEI Among Those Taking Charge

Read the full article here

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