Ethereum News Today: Ethereum Surges 50% on FOMO-Driven Rally as Spot Volumes Outpace Bitcoin for First Time in Year

Ethereum (ETH) has experienced a dramatic surge over the past month, with its price rising more than 50% to briefly exceed $3,850. This rally has been fueled by a surge in fear of missing out (FOMO) among traders, marked by a 5.8% decline in the ETH-BTC ratio over 60 hours and a significant spike in trading volume [1]. Analysts have drawn parallels to earlier patterns observed in May, where similar FOMO-driven activity preceded a local price peak. Santiment highlights that a continued decline in trading and social volumes this week could signal the start of a second bullish wave, as retail investors balance impatience with profit-taking behaviors [1].

Spot trading volumes for ETH have surged past Bitcoin’s for the first time in over a year, reflecting a broader shift in investor sentiment. Last week, ETH’s spot trading volume reached $25.7 billion, outpacing Bitcoin’s $24.4 billion. On July 17, total altcoin spot volumes hit $67 billion—the highest since March—indicating a growing rotation of capital across the crypto market [1]. This trend aligns with renewed interest in altcoins, as investors seek exposure to assets beyond Bitcoin.

Institutional demand for Ethereum has also intensified, particularly through spot ETFs. One year after the launch of U.S. spot Ether ETFs, nine funds from major providers like BlackRock and Fidelity have recorded $8.65 billion in net inflows, according to SoSoValue data. A 14-day unbroken inflow streak underscores confidence in Ethereum’s long-term role in diversified portfolios [1]. Beyond ETFs, public companies are increasingly adding ETH to their treasuries. SharpLink Gaming, BitMine Immersion Technologies, Bit Digital, Coinbase, BTCS, and GameSquare Holdings have all disclosed Ethereum holdings. SharpLink leads with 360,807 ETH, followed by BitMine Immersion (300,657 ETH) and Coinbase (137,300 ETH), according to CoinGecko data [1].

The confluence of retail FOMO, rising spot volumes, and institutional adoption has created a bullish outlook for Ethereum. However, Santiment’s analysis cautions that the market remains sensitive to volume dynamics, with a potential second wave contingent on sustained declines in trading activity. As capital continues to rotate into altcoins, Ethereum’s ability to maintain momentum will depend on its capacity to attract both retail and institutional participants in a competitive crypto landscape.

Source: [1] [FOMO Frenzy Hits ETH: Is Another Ethereum Rally Brewing as Traders Panic?](https://coinmarketcap.com/community/articles/6882565684d34a1323c775f8/)