The cryptocurrency market continues to surge, with Ethereum maintaining its position as one of the top gainers. As of July 18, 2025, Ethereum (ETH) has surpassed the $3,600 mark for the first time since January, currently trading at $3,642 with a 9% gain in the past 24 hours.
The recent uptrend in Ethereum’s price can be attributed to various factors, including record inflows into U.S.-listed spot exchange-traded funds tracking Ethereum. These ETFs have seen significant inflows, totaling $602 million most recently, indicating a renewed interest from institutional investors in ETH.
Moreover, corporate adoption of Ethereum as a treasury reserve asset has also contributed to its price surge. Several companies have started adding ETH to their balance sheets, further boosting Ethereum’s market capitalization to approximately $439 billion.
Ethereum’s rally is part of a broader market breakout, with Bitcoin and other major altcoins experiencing strong gains. The total cryptocurrency market capitalization reached a new all-time high of over $4 trillion on July 18, fueled by the bullish momentum in BTC and altcoins like XRP and Solana.
Bitcoin remains the dominant force in the market, with a market cap of around $2.4 trillion, while Ethereum’s market share stands at around 11%. The positive regulatory outlook, especially with the approval of pro-crypto bills by the US House, has further boosted market sentiment.
The $4 trillion valuation of the cryptocurrency market now places it just behind Nvidia, the world’s largest company valued at $4.2 trillion, highlighting the industry’s significance in the global financial landscape. The ongoing rally and growing institutional interest in cryptocurrencies signal a promising future for the market.