The price of Ether (ETH) has surpassed $4,000 for the first time since December 2024, marking a 50% increase in a month and a 90% rebound against BTC since the spring.
+50% in a month: ETH accelerates
Friday, ETH hit an intraday peak of $4,013 on Coinbase, before a slight pullback. This surge represents +3.8% in 24 hours, +11.3% for the week… and most importantly, +50% for the month. The awakening is impressive, in a positive light, for an asset that had long struggled to keep up with Bitcoin’s pace.
Since Donald Trump’s protectionist announcements in April, which had weighed down the markets, ETH has made a comeback. Against BTC, it has rebounded by nearly 90% since the spring low, falling below 0.018 BTC. It is still behind for the year: +19.2% in 2025, compared to +25% for the Bitcoin king.
Companies are stocking up on ETH
But this rally is not built on empty promises. One of the most powerful drivers? The explosion of ETH purchases by new ‘Ethereum Treasuries’, listed companies that are adopting Ethereum as a reserve asset, similar to what Michael Saylor did with Bitcoin.
The most aggressive (for now) is BitMine, led by Tom Lee, holding 833,000 ETH alone, totaling $3.3 billion. It is followed by SharpLink (522,000 ETH) and The Ether Machine (345,000 ETH). Together, these entities are accumulating billions, and according to Standard Chartered, “this is just the beginning“. The bank envisions a rise to 10% of the total ETH supply in corporate treasuries.
Ethereum ETFs surpass Bitcoin counterparts
Another driver of the movement: the massive inflow into Ethereum Spot ETFs. Over the past month, nearly $5 billion has poured into these products, even surpassing Bitcoin ETFs for the period. A shift in dynamics confirming institutional investors’ appetite for Ethereum.
And this could just be the beginning: SEC approval to integrate staking into these ETFs could break another barrier.
Record activity on the network
The demand is not only coming from funds. Wednesday, Ethereum logged a historic record: 1.74 million transactions in a single day. July 2025 is indeed the most active month in its history, with over 46 million transactions.
According to Vincent Liu, CIO of Kronos Research, “the market has not fully priced in this activity yet“, suggesting that the bullish potential remains intact.
